What disrupting the strait of Hormuz could mean for global cost-of-living pressures
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Source: Guardian Australia
Published: 2026-03-03 01:00 UTC+10:00
Section: US-Israel war on Iran
Factuality Score: 100
Opinion Category: Neutral
Topics: Immigration, Middle East, Military & Defence, Iran, Energy, World News, War & Conflict
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Snippet:
The narrow shipping route on Iran’s southern border carries one fifth of global seaborne crude oil, one fifth of LNG shipments and one third of the most widely used fertiliser
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