What is the Strait of Hormuz? How will its closure impact oil prices? - Diina London - Your Intuitive Insights to London's Local Pulse

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Author name: Priyanka Shankar

What is the Strait of Hormuz? How will its closure impact oil prices?

date Mar 02, 2026

20-30 percent of global oil and gas supplies are shipped through the Strait of Hormuz. analysts are warning of a spike in global oil prices after Iranian official said he would not have been able to retaliate.

Source: aljazeera.com

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