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Donald Trump Warns of Possible Disruption to Global Oil Flows Amid Tensions Around Strait of Hormuz
May 2, 2026
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US President Donald Trump has confirmed a naval 'blockade' in the Gulf, causing a massive tanker backlog at the Strait of Hormuz. While warning of supply disruptions, he claimed US oil production will cushion the shock and predicted prices will eventually 'drop like a rock'. The situation remains a major concern for India’s fuel prices and inflation.
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