Al-Mokha and Bab al-Mandeb face escalation threat
The article's title suggests that the navigation crisis in the Strait of Hormuz has turned into an opportunity for Latin American oil. The text explains that Iran has managed to circumvent U.S. sanctions by opening a route for Iraqi oil transportation through the interactive map, alleviating the impact of sanctions and increasing the flexibility of oil exports. It also clarifies that war and blockade put pressure on Iran's economy and raise the costs of basic necessities, affecting the oil market and economic projects in the region.
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