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Iran Wants to Charge Fees for Hormuz. How Do Other Waterways Work?

Until the US and Israel launched a war on Iran, prompting Tehran to close the Strait of Hormuz, ships transiting the world’s most important artery for trading oil and liquefied natural gas didn’t pay to transit it.

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For the first time in recent history, primary dealers have gone net short on debt they used to hold billions of dollars of.

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