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Ongoing Story — 687 related articlesIran War Reality Check: Global Markets Still Dictate American Energy Prices
Despite the United States being an energy dominant nation, the shutdown of the Strait of Hormuz is causing gas prices to spike. This disconnect highlights that global supply chains and international shipping lanes still dictate domestic costs regardless of domestic production capacity. The broader implication is that American energy independence does not fully insulate the economy from geopolitical volatility in distant regions.
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