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The strait of Hormuz: what is it, and why does it matter to global trade?

Iran’s parliament approved a measure to close the vital global trade route, through which more than a fifth of the world’s oil supply passes through daily

President Donald Trump’s unprecedented decision to bomb three Iranian nuclear sites has deepened fears of a widening conflict in the Middle East.

Joining Israel in the biggest western military action against the Islamic Republic since its 1979 revolution, the world is now bracing for Iran’s response.

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