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Iran's threat to block the world's most vital oil transit point has raised fears of major global economic consequences.
It's now largely forgotten that in the early 1900s, nearly a third of the Arabian Peninsula was under British India.
The Strait of Hormuz is between Oman ... Asia would be directly impacted because 84% of the oil moving through the strait is headed for Asia; top destinations are China, India, Japan and South Korea.
The Iranian military loaded naval mines onto vessels in the Persian Gulf last month, a move that intensified concerns in ...
Iran threatened to close the Strait of Hormuz, a vital shipping lane handling 20% of global petroleum demand, in response to ...
Analysts think it wouldn't. Asia would be directly impacted because 84% of the oil moving through the strait is headed for Asia; top destinations are China, India, Japan and South Korea.
Around 84 percent of oil passing through the Strait of Hormuz is destined for Asia, leaving the economies of China, India, South Korea and others vulnerable ... pipeline built by Iran to export via ...
The usually busy airspace stretching from Iran and Iraq to the Mediterranean has been largely empty of commercial air traffic ...