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Economy News

The Economic Times

Economy / The Economic Times

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The next oil shock is coming, and it wont come from Hormuz

A second major shock to the global economy is emerging as the ongoing disruption in the Strait of Hormuz is now compounded by the risk of Houthi attacks on Red Sea shipping. Iran is reportedly pushing the Houthis to prepare for action, which could disrupt the Bab el-Mandeb straitanother critical trade routecreating simultaneous pressure on two key maritime chokepoints.

31 Mar 2026 12:48 pm