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Iran Oil Shutdown Risks: Strait of Hormuz Crisis Could Damage Wells and Disrupt Global Supply
May 5, 2026
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The escalating confrontation between the United States and Iran has pushed the Strait of Hormuz into prolonged disruption, with the vital shipping route effectively closed for over two months. The strait, which normally carries between 20 and 25 percent of the world’s seaborne oil, has become the focal point of a wider geopolitical and economic [] The post Iran Oil Shutdown Risks: Strait of Hormuz Crisis Could Damage Wells and Disrupt Global Supply appeared first on Modern Diplomacy.
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