The Strait of Hormuz serves as a critical maritime passage for global oil shipments, and its potential closure by Iran would trigger widespread economic disruptions. Marcus Moore of ABC News reports from the Persian Gulf, highlighting how restrictions on this narrow waterway could severely impact energy markets, increase fuel prices worldwide, and strain international trade routes. With nearly 20% of global oil passing through the strait daily, any disruption threatens supply chains and fuels geopolitical tensions in the region.
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