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Secret codes, yuan fees: How ships navigate Strait of Hormuz chokepoint

Insurance costs have spiked dramatically for ships that want to cross the Straits of Hormuz. In recent days, the operator of an oil tanker stuck in the Persian Gulf received a compelling proposal. After weeks at anchor with missiles and drones passing overhead, it could finally sail safely out through the Strait of Hormuz and into the open o... [7225 chars]

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