Global Market: Strait of Hormuz standoff may keep oil volatile, cautions Seth R Freeman

Global energy markets face fresh uncertainty as Iran signals potential closure of the Strait of Hormuz. This critical chokepoint, through which a fifth of global oil flows, is raising fears of supply disruptions. Experts highlight Iran’s strategic leverage and the worldwide impact of high oil prices. The situation’s complexity and logistical challenges suggest a prolonged period of volatility.

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