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Evening Standard
Evening Standard
Anna Wise

Strait of Hormuz closure: 10 ways it could impact your finances

A major impact of disruption to the Strait of Hormuz is on the world’s oil and gas supplies (Owen Humphreys/PA) - (PA Wire)

US President Donald Trump declared a decision to delay strikes on Iranian energy sites by five days, having threatened an attack if the country does not reopen the Strait of Hormuz by midnight on Monday.

The threat being suspended but not dropped could mean that an effective closure of the critical international shipping route drags on for longer.

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