Strait of shock: Iran economic fallout

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  The Economist.

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  Hello and welcome to the Intelligence from The Economist.

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  I'm your host, Rosie Blau.

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  Every weekday, we provide a fresh perspective on the events shaping your world.

• 00:20

  15 years ago today, a giant tsunami struck the coast of Japan,

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  causing catastrophic damage to the Fukushima nuclear power plant.

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  The country soon shuttered all such facilities, but now Japan is reviving its nuclear dreams.

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  And one of the films competing for an Oscar this weekend is called It Was Just an Accident,

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  made by an Iranian filmmaker who has spent time in jail.

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  The war has only made the movie's theme of moral reckoning more urgent.

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  Our correspondent met its director.

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  First up, though...

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  Overnight, the Pentagon claimed to have eliminated 16 Iranian mine-laying ships near the Strait of Hormuz.

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  This morning, a cargo tanker was evacuated after being hit by a projectile.

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  All news that once again raises jitters about the economic impact of the conflict in Iran.

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  On a regular day, around 20 billion dollars worth of oil, a fifth of the global trade,

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  sails out of the Persian Gulf and through the strait.

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  A similar share of the world's liquefied natural gas also takes that route.

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  But with the American-Israeli war now in its second week,

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  Iran has threatened to attack any ship that attempts to cross the strait.

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