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​February 16, 2026, Strait Of Hormuz, Persian Gulf, Iran: A boat firing a missile during a military drill in the Persian Gulf, southern Iran.
What We're Watching

What We’re Watching: Iran partially shuts vital shipping lane, China increases purchases of Russian crude, A thaw in the Sahara

Iran temporarily and partially shut down the Strait of Hormuz – the maritime entryway that handles over 20% of the world’s oil and gas shipping – ahead of a second round of nuclear talks with the US.