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Story summary
- The ongoing conflict with Iran is disrupting global supply chains by closing the Strait of Hormuz, blocking 250 million barrels of oil.
- The disruption is expected to raise prices for American consumers, especially in grocery stores where supply chains are less flexible.
- Analysts warn that rising fuel costs will strain household budgets and discretionary spending.
- Retailers like Walmart Inc. and Costco Wholesale Corporation may benefit as consumers seek lower-priced options.
