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Lese-Ansicht

Houthi Threats Give Oil Markets a ‘Two Chokepoint Problem’

Ships continue to turn away from the southern end of the Red Sea, after Yemen’s Iran-backed Houthi rebels announced an embargo on Saudi exports through the Bab el-Mandeb Strait, a narrow channel that has become a lifeline for oil exports since the beginning of the US-Israeli war with Iran.
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Trump’s Hormuz Demand Implies Fee of $30 Million Per Supertanker

President Donald Trump just threw out a demand of a 20% reimbursement on cargo shipped through the Strait of Hormuz, or roughly $30 million on full supertankers carrying oil.

A crude oil tanker anchored on Lake Maracaibo near Maracaibo, Zulia state, Venezuela. Photographer: Alejandro Paredes/AFP/Getty Images
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