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fromwww.mediaite.com
2 days ago

Trump Reportedly Orders 5,000 Marines and Sailors To The Strait of Hormuz

The request comes as Iran attacks ships and plants mines in the all-important Strait of Hormuz, responsible for the shipment of one-fifth of the world's oil. The disruption has led to globally skyrocketing gas and oil prices.
World news
World news
fromwww.dw.com
2 days ago

Who holds the biggest strategic oil reserves?

Thirty-two countries released hundreds of millions of barrels from strategic reserves to control oil prices, but Iran's Strait of Hormuz attacks and regional production cuts kept prices elevated near $100 per barrel.
fromFortune
2 days ago

Wall Street buckles in for a long war as Hormuz remains closed and Trump says he has 'plenty of time' | Fortune

Oil is up because it is now clear to traders that Iran has successfully closed the Strait of Hormuz and laid sea mines within it, according to Fortune's Eva Roytburg. Eighteen ships in the area have been struck so far. The U.S. Navy has not yet managed to provide safe passage for tankers in the Strait.
US news
World news
fromAxios
6 days ago

The Iran war's economic blowback is getting real

Oil prices surged 25% overnight to nearly $120 per barrel following Iran's attack, threatening to push U.S. gas prices to $4 per gallon and trigger recession risks amid global supply disruptions.
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