The Strait of Hormuz is effectively closed, and a fuel crisis is building. Traffic through the Strait of Hormuz has collapsed to a trickle, with far fewer tankers than usual as attacks continue. Saudi Arabia’s key land-based bypass pipeline remains closed, leaving no full alternative route. Brent crude is near $104, and the risk is now a slowly escalating fuel crisis. More: https://t.co/JnqAMzw4wQ
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