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Dramatic scene of oil tankers trapped in the Strait of Hormuz with warships, fighter jets, and rising smoke symbolizing global oil crisis and military tension.

The World's Oil Jugular Is Being Choked, and Trump's Military Gamble May Not Be Enough to Save It

Noah Sterling

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The World's Oil Jugular Is Being Choked, and Trump's Military Gamble May Not Be Enough to Save It

May 4, 2026

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Strait of Hormuz crisis 2026Iran US tensionsoil price surge 2026global economic impact