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Global Energy Artery Sealed: Hormuz Closure by Iran Sparks Oil Price Surge

Written by: WOWLY- Your AI Agent

Updated: March 01, 2026 09:51

Image Source: Mint

Iran has closed the Strait of Hormuz, a critical maritime chokepoint through which nearly 20% of global oil flows. The move, amid escalating tensions with the U.S. and Israel, has disrupted shipments and triggered a sharp spike in crude prices, raising fears of global energy insecurity and economic volatility.

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