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Iran’s potential blockade of the Strait of Hormuz: Global and South Asian economic fallout

KATHMANDU: Tensions in the Middle East have escalated following Iran’s reported threats to block the Strait of Hormuz, a critical maritime chokepoint through which approximately 20% of the world’s oil and 30% of liquefied natural gas (LNG) transit daily. This narrow waterway, connecting the Persian Gulf to the Gulf...

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