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Trump Urges Iran to Reopen Strait Amid Energy Crisis

4/6/2026

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Story summary
  • U.S. President Donald Trump calls for Iran to reopen the Strait of Hormuz as rising gasoline prices threaten global energy costs.
  • The Bank of England warns that continued high energy costs could affect AI valuations and financial stability.
  • Analysts say about $120 billion in datacentre debt has moved off-balance sheets, raising AI ecosystem risk concerns.
  • The conflict may worsen these issues and could trigger a financial crisis reminiscent of 2008.