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Iran threatens $200 oil as attacks mount near Strait of Hormuz

The U.S. military is moving to counter Iran’s threat to shut down the Strait of Hormuz, a chokepoint that handles roughly 20% of the world’s crude oil shipments. The move comes after three ships were struck near the strait Wednesday as Iran vowed to stop traffic through the vital waterway, multiple media outlets reported. Iran’s […]

By John Ransom

March 11, 2026

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