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Strait of Hormuz Closure Shakes Markets; Prolonged Closure Could Deal Heavy Blow to Japanese Economy

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The Yomiuri Shimbun

14:36 JST, March 3, 2026

Financial markets were shaken at the start of the week following the U.S. and Israeli attacks on Iran. Crude oil prices surged as the Strait of Hormuz, a vital maritime shipping route, was effectively blocked, heightening the risk of disrupted supplies from the Middle East.

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