Oil Prices Set to Spike as Iran Declares Strait of Hormuz...

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2026-03-01 20:00:04

Oil Prices Set to Spike as Iran Declares Strait of Hormuz Effectively Closed

A boat approaches a container ship while crusing in the waters of the Strait of Hormuz off the coast of Khasab, in Oman, on June 25, 2025. GIUSEPPE CACACE/AFP via Getty ImagesCrude oil and gasoline prices

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