Source: International Business Times
President Donald Trump's decision to impose a naval blockade targeting Iranian oil shipments has sent a fresh wave of volatility through global energy markets, pushing crude prices above $100 per barrel and raising concerns that inflationary pressures could intensify worldwide. The move has again focused attention on the Strait of Hormuz, a narrow but strategically critical shipping route that carries roughly one-fifth of global oil flows. Reuters reported that even partial disruptions in the waterway can have an outsized impact on global pricing due to the lack of spare production capacity and the concentration of exports passing through the corridor.
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