March 22, 2026
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9:29Now PlayingAnthony Davis reports on the global oil price surge and governments scrambling to protect shipping routes through one of the world’s most critical energy chokepoints, the crisis has become a stark reminder of how deeply modern economies remain tied to volatile fossil fuel markets. Even countries that produce large amounts of oil domestically are feeling the shock waves from a conflict thousands of miles away. For many energy experts and climate officials, the lesson is clear: the best way to reduce vulnerability to geopolitical crises is to reduce dependence on oil itself.
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