Oil Prices Soar After Iran Strait of Hormuz Closure

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Mar 3, 2026

With Iran shutting the Strait of Hormuz, oil prices jumped over 7% in a day, and experts warn of $100 barrels if it lasts. But what's really at stake for your wallet and the world economy? The full picture might surprise you...

Financial market analysis from 03/03/2026. Market conditions may have changed since publication.

Then the WP blocks.

Money is the barometer of a society's virtue.
— Ayn Rand
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