The Strait of Hormuz has long stood as a symbol of global energy vulnerability. Stretching barely 39 kilometers at its narrowest point between Iran and Oman, it funnels nearly 20% of the world’s oil supply and over one-third of liquefied natural gas. Any threat of its closure—whether rhetorical or real—inevitably triggers alarms across energy markets. […]
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EU to abandon plan to phase out combustion engines MEP
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