Six weeks into the Iran war, the Strait of Hormuz remains the critical chokepoint. Here's what the supply shock means for crude prices, trade flows, and energy security.
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![[UPDATE] Running out of barrels: cumulative oil losses reach 430 mbbls](https://cdn.prod.website-files.com/65059ad784ac02253c62356c/69d64fcb4cc368a999bc0b05_sea_at_night_optimized_350.webp)
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