The United Maritime Information Center issued an announcement stating that the maritime security threat level in the Strait of Hormuz has been downgraded to medium.
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As one of the busiest oil transportation routes in the world, changes in the security level of the Strait of Hormuz have always attracted widespread attention from the international energy market and the shipping industry. This downgrade of the threat level is expected to have a positive impact on shipping arrangements and marine insurance premiums in the relevant region.
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