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Iran’s Revolutionary Guards have announced the closure of the strategically significant Strait of Hormuz for all vessel traffic and warned that any ship trying to transit the waterway would be attacked. The development sent shockwaves across global energy markets, with Asia expected to face the maximum pain. But what the Strait of Hormuz is and why it’s so important? Dawn-Adenauer senior fellow Muzhira Amin explains. DawnToday

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