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Iran straits of hormuz

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Oil prices could rise 20-30% if Iran halts exports over sanctions, warns fund
Iran is beefing up it's firepower in the Persian Gulf, rapidly gaining new capabilities to strike at US warships.
Iran straits of hormuz

The Washington-based lender cautioned that if Iran follows through on its threat to block oil exports through the Straits of Hormuz in the Gulf, the shock could be even greater than its estimates.