Iran's Oil Chokehold: Global Energy Crisis
Fort Wayne News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Irans military strike by the U.S. and Israel could lead to a significant energy crisis, with Iran potentially blocking the Strait of Hormuz, causing oil prices to skyrocket to between $200 and $400 per barrel. This would result in gas prices over $8 per gallon, triggering political unrest and economic downturns reminiscent of the 1970s. Even in the best-case scenario, oil prices would remain above $150 per barrel for months, impacting various industries and the overall economy.
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