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Story summary
- The fuel crisis triggered by Iran's actions in the Strait of Hormuz is the largest oil supply shock in history.
- Asia and European allies face severe repercussions.
- U.S. President Donald Trump downplayed the crisis.
- As oil prices surged, American consumers saw a $1 increase per gallon.
- European liquefied natural gas (LNG) supplies are dwindling, with prices up 60% since the war began.
