Reports indicate that Iran may allow only Chinese vessels to pass through the Strait of Hormuz as a reported “gesture of gratitude” for Beijing’s diplomatic and economic support during the ongoing crisis. If implemented, the move could further disrupt global shipping through one of the world’s most important energy routes.

The Strait of Hormuz carries roughly 20% of global oil shipments, meaning any restriction or disruption could have major implications for energy markets and international trade.

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