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Open or shut, the Strait of Hormuz may not go back to normal
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No matter what happens next, Iran will not forget how easy it is to strangle shipping through the Strait of Hormuz, meaning that energy companies and consumers must prepare for a very different future.
PHOTO: REUTERS
Rebecca F. Elliott
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Even if the Strait of Hormuz opens again, energy executives and analysts say the industry will no longer be able to count on it as it used to. For the strait, there is no going back to normal.
