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Iran has locked down a 'critical node in the global economy,' says researcher
Posted
March 12, 2026
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17,948
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March 12, 2026
17,948
131
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7:41Now PlayingThe closure of the Strait of Hormuz has already caused the biggest disruption in the global oil supply ever seen, but is also threatening agriculture, manufacturing and technology industries, says Jim Krane, a fellow in Middle East energy studies at Rice University’s Baker Institute for Public Policy. 'The loss of access to that single strait is just causing cascading effects on the global economy.'
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