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Oil Prices

Strait of Hormuz Closure Has Wreaked Irreversible Global Damage

Iran briefly opened the critical commercial shipping passage April 17, but then closed it again the following day. The US has kept up a week-long naval blockade.

From Oil Shock to Checkout Lines: US–Iran War Drives Global Spike in Consumer Costs

Apr 17 | The US-Iran war is driving oil price spikes and global supply chain disruptions, raising costs for fuel, food, and goods. Experts examine war-driven inflation, economic risks, and potential solutions.