India, June 11 -- Despite lingering concerns about tensions in the Middle East, the UK stock market moved firmly higher Thursday morning, riding on gains in mining and financial sectors.
Iran today announced the closure of the Strait of Hormuz, one of the world's most important oil transit routes, after a fresh round of US military strikes intensified tensions in the Middle East. The announcement follows a second consecutive night of attacks by the U.S. on Iranian military targets.
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