Iran says Strait of Hormuz will remain closed until US lifts sanctions
- Iran's Parliament Speaker Ghalibaf said the Strait of Hormuz would stay closed until the US lifted sanctions and returned frozen assets.
- Ghalibaf is travelling to Baghdad on Wednesday to discuss regional issues and Iraqi oil exports through the Strait of Hormuz.
- Around one-fifth of global oil passes through the Strait of Hormuz, making disruptions a major risk for energy markets.
Source: ndtvprofit.com
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