US weighs strike on Iran, rattling global oil markets
TL;DR Summary
Amid domestic turmoil in Iran, the US is considering a strike, underscoring Iran’s strategic role as a major oil producer and chokepoint via the Strait of Hormuz. Iran’s output is about 3.2 million barrels per day (roughly 4% of world supply), but disruptions could push crude prices higher depending on regime stability and any post-conflict changes.
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