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Strait of Hormuz Remains Key Challenge to Global Economic Stability Despite Reduced Tensions.
By Henry Ubus. The strategic Strait of Hormuz continues to pose significant challenges to global trade and energy security despite a reduction in military tensions in the Middle East, according to conflict resolution scholar Kenneth Yugbovwre. Yugbovwre, who holds an M.Phil. in Conflict Resolution from Trinity College Dublin and resides in Sweden, said the world’s most important oil transit route has yet to return to normal shipping operations, leaving international markets vulnerable to continued uncertainty….
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