Two wars, one chokepoint: Energy crisis deepens
The math just changed for global energy. With two wars now hitting near the same waters, tankers are becoming targets. Reports say UAE ships were struck in Omani waters, and talk of a Trump blockade plan with tolls on the Strait of Hormuz is rattling markets. This narrow passage moves about 20% of the world’s oil, so every incident hits fuel prices, shipping costs, and refineries far from the conflict.
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