Fortune·4 min read·medium
Trump’s time is running out to avoid a nightmare Strait of Hormuz scenario
J
Jordan Blum
✦AI Summary
Rising tensions in the Strait of Hormuz and a breakdown in interim peace deals with Iran threaten to drive oil prices back toward $90 per barrel. Analysts warn that the market's expectation of a return to normalcy is likely misplaced, posing economic challenges for the Trump administration.
Crude oil prices plunged below $70 per barrel at the beginning of the week, and energy markets largely considered the Iran war over and done with as modest traffic flowed again through the infamous Strait of Hormuz.
businesseconomypolitics
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