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US plans tougher Iran strikes as Strait of Hormuz closure disrupts markets and oil prices rise

Market News
02 Apr 2026
Seeking Alpha
View Source
Bearish
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The US, under President Trump, plans to intensify strikes on Iran over the next few weeks, keeping the Strait of Hormuz effectively closed. This closure disrupts global oil supply, causing markets to fall and oil prices to surge. Iran charges high fees for tanker passage, complicating navigation. The UK and Gulf states are exploring diplomatic and alternative pipeline solutions, but experts warn energy supply disruptions could last long after any ceasefire due to damaged infrastructure and depleted reserves.

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