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Global Business News

The Economic Times

Global Business / The Economic Times

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The battle for Hormuz risks sparking the next Iran clash

Iran is now controlling passage through the Strait of Hormuz. This new arrangement could continue even after the current conflict ends. Gulf exporters and buyers are uneasy about Iran dictating oil and gas flows. The United States opposes this shift in control. The future of the Gulf hinges on who ultimately controls this vital waterway.

12 May 2026 3:41 pm