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Open original source ↗If Iran does this, crude oil prices fall back to bear pre-war levels, and they lose the only leverage they have.
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If Iran allows China and India oil through the Strait, that's more than half of normal oil traffic already (7mmb/d). Throw in the Saudi East-West pipeline for redirection (another 7mb/d) and the blockade suddenly shrinks a lot https://t.co/64xoGJpiHG
zerohedge ↗