Marathi Breaking News Updates : Amidst the simmering tension in the Middle East, a news has come that will bring great relief to the entire world. Iran has announced that the ‘Strait of Hormuz’ waterway, which is very important for world trade, will finally be fully opened to commercial ships. Iranian Foreign Minister Saeed Abbas Araghchi explained that this positive decision has been taken after the implementation of the ceasefire in Lebanon. However, it would be premature to say that the move has completely eased tensions, as the US has maintained its aggressive posture.
‘Oxygen’ to global markets, oil prices fall
The opening of the Strait of Hormuz has been the biggest piece of good news for the global economy. About 20 percent of the world’s total oil and gas supply comes through this route. Global energy security was threatened by the closure of this route. However, now that ships can sail normally again, the price of crude oil has fallen significantly. Due to this, the stock markets around the world have taken a big leap and helped to overcome the recession.
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