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Major container shipping lines are imposing emergency surcharges, restricting bookings and rerouting vessels as Iran’s threat to disrupt traffic through the Strait of Hormuz sends shockwaves through global energy and shipping markets.
The narrow waterway between Iran and Oman is one of the world’s most critical maritime chokepoints, serving as the only sea gateway to the Persian Gulf and carrying roughly one fifth of global oil shipments along with large volumes ...
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