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Iran Confirms Hormuz Transit Fees, Offers "Special Treatment" For "Friends"

Iran Confirms Hormuz Transit Fees, Offers "Special Treatment" For "Friends"

Middle East 05/07/2026 NDTV 👁 14
⚡ Quick Summary

The strait normally carries one-fifth of the world's crude oil and liquefied natural gas, but it was all but closed by Iran during the Middle East war, sending energy prices soaring.

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