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US-Iran Stalemate Slows Hormuz Shipping, Oil Prices Hold Steady

US-Iran Stalemate Slows Hormuz Shipping, Oil Prices Hold Steady

US-Iran talks have stalled, and shipping through the Strait of Hormuz has slowed, raising fresh concerns about oil transit. Crude prices, however, have stayed flat. The market is watching, but it hasn't flinched yet.

A Chokepoint Under Pressure

The Strait of Hormuz is one of the most critical waterways for oil. It's a narrow passage between the Persian Gulf and the Gulf of Oman, and a significant portion of the world