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China Urges Iran to Reopen Strait of Hormuz Amid Oil Tensions

Guavy AI Editorial Team
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Oil
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China has reportedly urged Iran to reopen the Strait of Hormuz amid growing tensions over oil supplies. The strait, which connects the Persian Gulf to the Arabian Sea, is a critical waterway for global oil trade.

The Strait of Hormuz is one of the busiest shipping lanes in the world and is used by tankers carrying millions of barrels of crude oil every day. Iran's closure of the strait has already led to a surge in oil prices, with Brent crude rising above $90 per barrel last week.

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