On July 31, a Philippine oil tanker sank in Manila Bay, sparking concerns of a potential major oil spill. The vessel was carrying over 200,000 liters of fuel, raising fears of environmental damage to the bay’s ecosystem. Authorities are currently working to contain the situation and prevent a catastrophic pollution incident.
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What is the Strait of Hormuz, and what would it mean for Iran to close it?
The Strait of Hormuz, a crucial shipping lane for global oil and gas, connects the Persian Gulf with the Arabian Sea and is bordered by Iran and Oman. With over 25% of the world's oil passing through it, the potential for Iranian disruptions—such as mining the channel or blockading it—poses a significant economic threat, though previous threats have not resulted in actual closures, partly due to the detrimental impact on Iran's own economy. Need More...
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