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1 revisions for "The Hormuz Chokepoint: How a US Naval Blockade Sent Oil Past $100 and Rattled Global Markets"

The US announced a naval blockade of the Strait of Hormuz on April 12, 2026 after peace talks with Iran collapsed, sending Brent crude above $103 and WTI past $114 per barrel — an 87% year-over-year increase. The blockade threatens roughly 20 million barrels per day of oil transit, has pushed US gas prices to $4.16 per gallon, and triggered broad equity selloffs while raising constitutional questions about executive war powers.