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OIL, LNG PRICES TO SHOOT UP IF TEHRAN BLOCKS STRAIT OF HORMUZ

Why in the news? Iran-Israel conflict escalation raises concerns over potential disruptions to global oil and LNG supplies via the Strait of Hormuz. source:wordpress About the Impact on Oil and LNG Prices: If Iran blocks the Strait of Hormuz, oil and LNG prices are expected to surge, impacting countries like India that rely heavily on …

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