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9.3
Oil Rises as US-Iran Talks Stall, Supply Risk Persists
ClarínLO·US · IR·2 days ago
Pakistan's PM Shehbaz Sharif, acting as a US-Iran mediator, told the UN General Assembly that the Strait of Hormuz and Bab al-Mandab must remain open, amid heightened military tensions. The statement signals diplomatic pressure to de-escalate, but its impact on actual shipping security is uncertain. This matters because any closure of these chokepoints would disrupt global oil and trade flows.
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