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Strait of Hormuz Tensions Spark Oil Price Fears

4/1/2026

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Story summary
  • Rising tensions in the Strait of Hormuz could disrupt global oil supply and push prices toward $200 per barrel.
  • Nations reconsider trade routes, with the Strait of Gibraltar identified as a potential channel after the 1996 abandonment of a bridge plan.
  • A proposed subsea rail tunnel between Morocco and Spain would boost logistics and reduce reliance on maritime routes, but faces engineering challenges from deep waters and unstable geology.