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Iran Threatens to Close Hormuz

Apr.22 -- The United States says Iran’s threat to close the Strait of Hormuz would be unacceptable and without justification. Tehran reacted after the Trump administration said that it would not extend sanction waivers on countries buying Iranian oil. The order expires on May 2nd. The Strait carries 20% of the world’s shipped crude. Bloomberg’s Dan Murtaugh reports on “Bloomberg Markets: China Open.”

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