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Euronews
Euronews
Laila Humairah

Hormuz becomes world's most expensive waterway after 300% surge in risk premiums

The narrow waterway that connects the Persian Gulf to the Gulf of Oman and the rest of the world has never been more scrutinised.

Normally, it would carry roughly 20% of the world's oil trade and about 30% of global seaborne fertiliser supply.

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