Oil Prices Soar Amid Strait of Hormuz Crisis

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The ongoing crisis has sent shockwaves through the global energy market, sending oil prices soaring to new heights.

The Strait of Hormuz is a critical waterway that connects the Persian Gulf to the Gulf of Oman, with over 20% of the world's oil supply passing through it.

The crisis has sparked concerns about a potential war between the US and Iran, which could have devastating consequences for the global economy.

As the situation continues to unfold, oil prices are expected to remain volatile in the coming days.