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Iran’s Rezaei said the Strait of Hormuz will remain closed unless the United States meets seven Iranian conditions, according to a headline carried by @DeItaone. The statement puts the world’s most important oil chokepoint back at the center of market attention, with roughly a fifth of global petroleum consumption typically moving through the strait. Traders will watch whether the seven conditions are spelled out in detail and whether Washington responds, since any sign of a prolonged closure would keep energy and shipping risk elevated.

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Named in this story

Iran, Strait of Hormuz, United States, Rezaei