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Why Oil Could Be Headed to $200 a Barrel as Iran Ramps Up Attacks on Persian Gulf Shipping

March 12, 2026
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Aerial view of a burning oil tanker with thick black smoke rising above a narrow shipping route in the Straight of Hormuz in the Persian Gulf.

Imagine the world’s energy supply as a massive plumbing system. Now, imagine someone just shut the main valve. That is…

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