Ceasefire hangs in balance after Iran shuts Hormuz
City A.M. | London's Business Newspaper - News, Opinion, & Anal…
April 9, 2026
Hopes of an extended deescalation in the Middle East were hanging by a thread on Wednesday night, after Iran shut the vital Strait of Hormuz shipping lane in response to a round of Israeli strikes on Lebanon. Oil tankers were stopped from passing through the shipping lane responsible for carrying over a fifth of seaborne [...]
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