The Strait of Hormuz Crisis: Iran, the United States, and the Global Oil Shock
Introduction The escalating confrontation between Iran and the United States has again brought the Strait of Hormuz into the centre of global attention. This narrow waterway is one of the most strategically important locations in the world for energy transport. Any disruption to this route immediately sends shockwaves through the global economy. Recent military tensions and attacks on shipping near the strait have already caused oil prices to surge and raised fears that a prolonged conflict could destabilise global markets,…
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