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Markets

Scott Bessent's Hormuz declaration puts Chevron at the center

TST (Full) - (Official Feed) · 1h ago

Scott Bessent's Hormuz declaration puts Chevron at the center

About 20 million barrels of petroleum liquids pass through the Strait of Hormuz every day. That is roughly 20% of global oil consumption moving through a waterway just 21 miles wide at its narrowest point. Iran sits on one side of it. That geography has given Tehran one of the most powerful pieces ...

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