Source: International Business Times
A photo illustration shows a person in front of a large screen displaying vessel movements in the Strait of Hormuz on a ship-tracking website. AFP via Getty Images US Secretary of State Marco Rubio sees a new realignment of energy flows that would be less reliant on the Strait of Hormuz. The waterway has been a flashpoint in the Middle East conflict, with Tehran declaring it closed, affecting energy traffic and leading to oil prices rising as high as $120 a barrel at one point of time.
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