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The Economic Times

Top News / The Economic Times

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Gulf war must end to avert deeper energy crisis

Global energy markets face severe disruption. The Strait of Hormuz closure and attacks on oil and gas facilities have halted vital supplies. LNG prices have more than doubled. Crude oil prices are soaring. Reserves offer limited relief. This situation threatens a major oil price shock. An undersea pipeline offers a potential long-term solution.

16 Mar 2026 12:48 am