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Iran War Triggers Chaos in Global Oil Market

March 11, 2026·29 min·2 clips

Iran's Revolutionary Guards threaten to set fire to any ship trying to pass through the Strait of Hormuz.

This episode examines how the war in Iran has triggered a global oil crisis by effectively closing the Strait of Hormuz, a vital shipping route for 20% of the world's oil supply. Reporter Rebecca Elliott explains the immediate impacts on prices and supply, draws parallels to the 1973 oil embargo, and discusses long-term implications for energy security and policy.

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