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geopoliticsbullishWTIPublished Jul 17, 2026, 6:00 AM

Iran Temporarily Closes Strait of Hormuz Amid US Strikes and Blockade

Iran Temporarily Closes Strait of Hormuz Amid US Strikes and Blockade
Iran conducted live fire exercises and temporarily closed the Strait of Hormuz, through which 20% of global oil passes, as the US reimposed a blockade and stepped up strikes; oil prices swung toward $100 per barrel.

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