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      <title>Maritime Chokepoints After Hormuz: Where Seaborne Trade Looks Most Exposed Next</title>
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      <pubDate>Thu, 26 Mar 2026 00:00:00 +0000</pubDate>
      
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      <description>First, one important correction matters. The Strait of Hormuz has not been shut in a neat, absolute sense. Traffic can fall sharply, access can become selective, insurers can pull back, and naval presence can reshape behavior long before a formal “closure” exists. That distinction sounds technical, but it changes the analysis. Markets react not only to blocked geography, but to uncertainty, risk pricing, and the creeping sense that passage is no longer neutral.</description>
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