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The Economic Times

Global Business / The Economic Times

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Iran War: The White House's oil-restraint toolbox is empty

Sky-high energy costs loom as a conflict's duration strains the oil market. While emergency reserves offered temporary relief, sustained hostilities threaten significant economic damage. The White House faces limited options, with intervention in futures markets and export bans being risky. The only lasting solution hinges on reopening the Strait of Hormuz and Iran's cooperation.

13 Mar 2026 10:45 am