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The Economic Times

Top News / The Economic Times

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The US has to reopen the Strait of Hormuz as soon as possible

The US faces a critical challenge in the Third Gulf War. Reopening the Strait of Hormuz for oil shipping is vital. The waterway is crucial for global oil transport. Iran's actions have largely closed it. Countries in the region are running out of storage for oil. Production may soon need to slow. This could significantly impact global oil prices.

3 Mar 2026 8:50 pm