The Strait of Hormuz carried about one-fifth of global crude oil and liquefied natural gas shipments before the Iran war, making the disruption a major concern for energy markets. Oil prices rose to three-week highs on Wednesday as uncertainty over shipping persisted, news agency Reuters reported. US claims it controls Hormuz. Does it? US President Donald Trump has repeatedly claimed that Washington has taken control of the waterway. Trump said on Monday that the US had “total control” of the Strait of Hormuz, a claim he repeated despite continued attacks on shipping and oil flows remaining well below pre-war levels….
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