Before the military strikes against began, and several of his advisers believed the conflict would not cause significant disruptions to global oil markets. They expected any increase in oil prices to be short-lived and assumed Iran w...

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...ould respond similarly to its limited response during the brief war the previous year. As a result, warnings that Iran might attempt to disrupt shipping through the Strait of Hormuz, a key route for approximately 20% of global oil supplies, were largely ignored. nytimes.com/2026/03/10/us/poli

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