What happened
This strait will be opened and closed only under Iran’s command, and so long as you do not accept the reality of defeat and stop indulging in fantasies, Iran will continue to enforce the blockade, Iran’s Deputy Foreign Minister Kazem Gharibabadi said
Why it matters
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Global context
The story is being tracked through Global Markets.
Who is affected
Global Markets
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The consequence layer
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What To Watch Next
Three facts to keep in view
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