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1 revisions for "Hell at the Chokepoint: Trump's Hormuz Ultimatum, $114 Oil, and Gold's Puzzling Retreat"

#1
Anonymousabout 2 hours ago

President Trump has given Iran until April 7 to reopen the Strait of Hormuz or face strikes on power plants and bridges, pushing U.S. crude above $114 per barrel while gold paradoxically fell below $4,610 as dollar strength and inflation fears outweighed safe-haven demand. The crisis — the largest disruption to global oil supply in decades, with strait traffic down more than 90% since the U.S.-Israeli military operation began February 28 — threatens energy emergencies in Japan, South Korea, and India, has generated an estimated $63 billion windfall for U.S. oil producers, and tests the limits of international maritime law, strategic petroleum reserves, and coercive diplomacy.

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