The Strait of Hormuz, through which 20% of the world's oil flows, is effectively cut off by Iran to US and Israeli allies; tankers are afraid to transit because it's dangerous, which will cause oil prices to rise significantly.
causalpending
Speaker
Doug CaseyEvidence Quote
“the Strait of Hormuz is basically cut off...the Iranians want to cut it off to friends of the United States and Israel...tankers aren't getting through”
Created: 8/12/2026, 6:31:23 PM
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