Crude oil soars as Mideast conflict chokes supply routes, Hormuz disruption stokes panic
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The Callisto tanker sits anchored in Port Sultan Qaboos as the traffic is down in the Strait of Hormuz, amid the U.S.-Israeli conflict with Iran, in Muscat, Oman, March 12, 2026.—ReutersStrait of Hormuz closure disrupts Mideast oil exports, refiners...
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