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Hormuz Crisis Jolts Global Markets | Anchorage News
Description
Tensions flare in the Strait of Hormuz as Trump ends the ceasefire and U.S. strikes Iran, sending oil prices soaring and stocks tumbling — a jolt to the global economy just as it was starting to recover. Gas prices may inch up, inflation could climb, and the Fed faces fresh pressure. With the IMF already downgrading growth forecasts, this conflict threatens supply chains and market stability, reminding us that Middle East peace isn’t just geopolitical — it’s pocketbook policy.
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