Iran's threats against this Red Sea chokepoint are a big vulnerability for the oil market
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Source: CNBC
Published: 2026-06-06 05:55 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Middle East, Military & Defence, Iran, Energy, Economy & Finance, Financial Markets, US Politics, Business & Economy, War & Conflict
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Snippet:
President Donald Trump faces the risk that Iran will close the Bab el-Mandeb Strait if the conflict in the Middle East escalates, a scenario that would slash oil supplies to an already deeply disrupted market.
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