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The Economic Times

Economy / The Economic Times

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Iran pulling Hormuz 'lever' to maximum in US standoff

Iran has blocked the Strait of Hormuz, a vital global energy route. This move is Iran's main bargaining chip in potential peace talks with the United States. The blockade has caused worldwide economic problems, including rising energy prices and potential food shortages. The US has responded with its own blockade on Iranian oil shipments.

20 Apr 2026 9:49 pm