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The Economic Times

Top News / The Economic Times

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Irans upper hand in Hormuz is pressuring oil buyers and Trump

Iran is leveraging its geographic advantage in the Strait of Hormuz, creating chaos in energy markets and forcing buyers to negotiate safe passage. This disruption has intensified shipowner fears and pushed the US to seek international assistance for reopening the vital waterway, a process expected to take weeks.

16 Mar 2026 3:03 pm