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stock-index futures edged higher Sunday as the United States and Iran continued trading airstrikes in the Persian Gulf, renewing fears that the Strait of Hormuz could effectively close again and tighten global crude supply.
Renewed Airstrikes Revive Hormuz Closure Fears The latest exchange of fire between U.S. and Iranian forces put the Strait of Hormuz back at the center of energy market anxiety.
The strait is a critical passage for seaborne oil, and its potential closure has periodically shadowed crude markets during prior rounds of U.S.-Iran tension.
The phrase "effectively shut again" in market commentary signals this episode is being read as an extension of a familiar pattern rather than a wholly new development.
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