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Closure of the Strait of Hormuz raises global costs (Level B2) — Strait of hormuz between iran and oman
30 Apr 2026

Closure of the Strait of Hormuz raises global costs

The Strait of Hormuz closure has pushed up oil and gasoline prices and disrupted supply chains. Early shortages of jet fuel, diesel and key feedstocks are raising shipping and production costs for many industries.

Photo by Planet Volumes, Unsplash

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