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US-Iran War: Iran Targets Shipping and Energy to Raise Global Costs

Amid the escalating US-Iran war, Iran has intensified attacks on shipping lanes and energy infrastructure across the Gulf region, raising concerns about rising global fuel prices and supply disruptions. The crisis around the Strait of Hormuz a chokepoint for nearly 20% of the world’s oil supply has already forced tanker rerouting, halted shipments, and pushed insurance costs higher.