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via business-standard.comEconomy

US Rejects Iran's Claim That Hormuz is Closed, Says Crude Moving Through

FROM THE WIRE · BUSINESS-STANDARD.COM

US CENTCOM said that commercial and energy traffic, including 20 million barrels of crude oil, continues to move through the Strait of Hormuz as Iran warns some transit routes could be closed

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bullishGeopolitical tensions over Strait of Hormuz affect oil prices and global supply risk perception.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01US CENTCOM states that commercial and energy traffic continues through Strait of Hormuz.
  2. 02Approximately 20 million barrels of crude oil continue to transit despite Iranian warnings.
  3. 03Iran threatens to close some transit routes, creating uncertainty over global energy flows.

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