Hormuz closure divides Mideast fortunes
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Source: The Korea Herald
Published: 2026-04-07 11:52 UTC+10:00
Section: All News
Factuality Score: 100
Opinion Category: Neutral
Topics: Middle East, Europe, Iran, Energy, Economy & Finance, World News, Business & Economy
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Snippet:
LONDON (Reuters) -- The Strait of Hormuz's closure and the resulting surge in global oil prices have handed financial windfalls to Iran, Oman and Saudi Arabia, while other states that lack alternative shipment routes have lost billions of dollars, a Reuters analysis found.
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