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"This is going to create a ripple effect." Maersk CEO Vincent Clerc told Richardquest the closure of the Strait of Hormuz would cause widespread implications. Full interview on Quest Means Business at 5pm ET on CNNi.

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The Iranian Parliament voted in favour of blocking the Strait of Hormuz on June 22, 2025. The closure of the strait would have a major impact on the world economy. Read more:
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