The strait normally carries one-fifth of the world's crude oil and liquefied natural gas, but it was all but closed by Iran during the Middle East war, sending energy prices soaring.
Iran Confirms Hormuz Transit Fees, Offers "Special Treatment" For "Friends"
The strait normally carries one-fifth of the world's crude oil and liquefied natural gas, but it was all but closed by Iran during the Middle East war, sending energy prices soaring.
Published: 5 July 2026
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