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Iran's Strait of Hormuz Threat Could Spike Oil Prices

3/13/2026

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Story summary
  • Iran leverages the Strait of Hormuz as a geopolitical weapon.
  • The Strait of Hormuz is a vital waterway for global energy security.
  • Experts warn that closing the strait could push oil prices to $200 per barrel and disrupt the global economy.
  • The United States is closely monitoring the situation due to the strait's importance for energy routes.