Numerous armed groups have since competed for power and control of a potential fortune.
A nuclear shift
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While oil and gas exports aren’t formally blocked, some tankers have been damaged, and more third-party insurers are refusing to insure the tankers that pass through the strait. A couple of refineries in Saudi Arabia and Kuwait have sustained some modest damage, and Qatar—the second-largest natural gas exporter in the world—has temporarily ceased much of its export production.
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