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Tensions have risen again in the Middle East, with reports saying that Iran has closed the Strait of Hormuz. The development of this strait, which is a major route for global oil transportation, has caused serious concern at the international level.
With drone attacks putting increasing pressure on Russian oil refineries, reports have emerged that the Putin government is looking to buy petrol from India to stabilize fuel supplies.
Recent incidents at major energy facilities in the US and Russia have raised concerns about global oil supply disruptions. Here’s a clear analysis of what’s happening and its potential impact on energy markets worldwide.
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