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Briefing: What role is oil playing in the war in the Middle East and what's at stake?

Strategic angle: Global oil prices surge as tensions escalate in the Gulf following U.S. and Israeli attacks on Iran.

Editorial StaffMarch 15, 20261 min read

U.S. and Israel launched attacks on Iran over two weeks ago.

Iran has retaliated against Gulf targets, disrupting shipping.

Strait of Hormuz is critical for global oil transport.