Closing the Strait of Hormuz Could Send Global Oil Prices Soaring
Business
The Strait of Hormuz is one of the world’s most critical energy choke points. If Iran were to close it for a sustained period, oil prices could spike dramatically, putting economic pressure on the United States, its European allies, and Gulf exporters. Such a move could also test the political calculus of Donald Trump, who has long portrayed himself as sceptical of prolonged foreign conflicts. Disrupting energy markets could become a powerful strategic lever in the broader confrontation. #
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