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Strait of Hormuz Is Open During Cease-Fire in Lebanon, U.S. and Iran Say

Friday’s statements that the strait is now open raised investors’ hopes that oil and gas would start flowing out of the Persian Gulf in...
HomeBusinessWhat the U.S. Blockade Means for Iran’s Economy

What the U.S. Blockade Means for Iran’s Economy

Putting a stop to Iranian shipping will further add to Iran’s economic pain, analysts said, but it might not be enough to force concessions or lessen the global energy crunch.