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The U.S. blockade in the Strait of Hormuz risks deepening the energy shock, but markets are shrugging it off amid optimism for a deal.
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With the Strait of Hormuz now doubly blockaded, oil prices fell while markets climbed on Monday, despite an initial shock. CBC senior business correspondent Peter Armstrong explains where the pain is being felt, and how public faith in a solution could be buoying the markets.
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