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Oil markets are shaking and global tensions are rising as conflict around the Strait of Hormuz intensifies. After days of escalating hostilities and threats exchanged between the United States and Iran, fears are growing that the situation could spiral into a far wider crisis with global consequences.

The strategic waterway, through which a significant share of the world’s oil supply passes, has become a focal point of the confrontation. Any disruption there sends immediate shockwaves through global markets, pushing energy prices higher and creating uncertainty far beyond the region.