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“The ongoing conflict in Iran has prompted a strategic shift in global oil shipping lanes, diverting flows away from the Strait of Hormuz and increasing transit costs for U.S. refineries. The rerouting could raise gasoline prices, strain supply chains, and prompt U.S. policymakers to diversify energy sources. Expert Analysis: This realignment underscores the vulnerability of U.S. energy security to geopolitical shocks, potentially accelerating investment in domestic production and alternative fuels over the next decade.”
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Originally reported by Yahoo Finance
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