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Shipping Stocks Rally as Hormuz Traffic Plunges 75%

Ship traffic through the Strait of Hormuz — a critical chokepoint handling about 20% of global crude oil and liquefied natural gas (LNG) shipments — has fallen to roughly one-quarter of its prewar level. According to a report by the United Kingdom Maritime Trade Operations (UKMTO), the number of ves

We haven't written up this one. BusinessKorea has the full story — the link below goes straight to it.

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