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Also in today's newsletter: India relaxes rules on Chinese investment, and the Kremlin's covert campaign to keep Viktor Orbán in power
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Three vessels were hit in and around the Persian Gulf on Wednesday, according to a British maritime agency. Iran claimed responsibility for one.
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While February's Consumer Price Index report shows only modest price pressures, inflationary risks are rising once again as the conflict in the Middle East drags on.
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Unprecedented move underscores fears of threat to global economy from the Middle East war
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How the Strait of Hormuz closure affects global oil supply ReutersHow Strait of Hormuz closure can become tipping point for global economy CNBCHow Iran has used the strait of Hormuz to throttle oil and gas - a visual guide The GuardianWaves of diverted containers swamping Middle East ports Journal of Commerce
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The spiralling Middle East conflict sparked by US-Israeli strikes on Iran has roiled energy markets.
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