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Discussions on Strait of Hormuz security amid US-Iran tensions can cause uncertainty in oil supply routes, leading to price fluctuations.
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Russian Foreign Minister Sergey Lavrov and UAE Foreign Minister met to discuss the situation around the Strait of Hormuz. Lavrov emphasized the importance of supporting ongoing US-Iran negotiations to ease tensions affecting this critical maritime route. The talks highlight regional concerns over navigation security and the potential impact on global oil shipments.