West Asia tensions may disrupt oil supplies if attacks reach Hormuz Strait | News

In the 160-year history of wars and oil prices, conflicts like the American Civil War and the Second Arab-Israel war have led to significant increases in oil prices. Despite relatively muted increases during subsequent conflicts and Russia’s invasion of Ukraine, prices still more than doubled. The current conflict involving Iran, Israel, Hezbollah, and the United States mirrors past events, like Egyptian President Gamal Abdel Nasser’s closure of the Suez Canal in 1956-57, impacting global oil supply.

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