SBS News – World · world
Strait of Hormuz poised to reopen after US-Iran ceasefire announcement
2 hours ago
The Strait of Hormuz is poised to reopen following a US-Iran ceasefire announcement. The closure since February 28 has drastically affected global fuel prices and supply chains, impacting around 30 percent of the world's refined fuel imports. Experts warn the effects of the disruption will linger for months, despite a reduction in oil prices since the ceasefire.
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Summary by Glance · Original reporting by SBS News – World
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