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Geopolitics

The IRGC Navy confirmed that the Strait of Hormuz is still closed and that numerous ships are waiting to receive passage permits, Tasnim reports

StockNow breaking-news AI analysis

IRGC Navy confirmed the Strait's closure, driving Brent crude toward $93/barrel. Investors face 90% traffic drops and 3-4x freight rate hikes, signaling long-term maritime risk repricing and global energy volatility.

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