The war with Iran has entered its third week, shipping traffic through the critical Strait of Hormuz remains effectively shut off, and the shockwaves to the global supply chain of oil are being felt, with gas prices on the rise. Shipping traffic through the critical Strait of Hormuz remains effectively shut off, and the shockwaves to the global supply chain of oil are being felt here at home with gas prices on the rise. In Washington, President Trump described Iran as increasingly weak, but he acknowledged that he approached half-a-dozen countries for help securing the Strait of Hormuz, through which 20 percent of the world's oil and natural gas flows and Iran has effectively shut with its attacks.
Author: Nick Schifrin, Winston Wilde
Published at: 2026-03-16 22:55:07
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