The Iran energy fallout is here to stay
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While the news of political decisions and war developments travel around the world at the speed of a tweet, the oil market moves very slowly. For more than a month, Iran blocked the Strait of Hormuz, effectively putting a kink in the garden hose of the global fuel industry. Though the two-week ceasefire agreed by the US and Iran on 7 April could see an increase in traffic through the strait once again, the effects of that closure won’t disappear. In Asia, price hikes and fuel rationing has alrea
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