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Oil prices rising as Iran threatens to close Strait of Hormuz

World markets seem "relatively sanguine" despite oil prices rising in early trading following a threat by Iran to close the Strait of Hormuz, according to Sky's economics editor.

Monday 23 June 2025 12:26, UK

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Iran has threatened to close one of the world's busiest shipping routes - in which 20% of the world's oil passes - but the markets are 'not anywhere close to panic,' says Sky's Economics Editor Ed Conway.
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