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Home » Two-week ceasefire deal putting Strait of Hormuz back in business

Two-week ceasefire deal putting Strait of Hormuz back in business

The U.S. President Donald J. Trump has made a deal with Iran to suspend further attacks for two weeks on the Middle Eastern country in exchange for the reopening of the Strait of Hormuz, which handles 15% of global oil and 20% of global liquefied natural gas (LNG) supply flows.

The post Two-week ceasefire deal putting Strait of Hormuz back in business appeared first on Offshore Energy.

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