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What it will mean for the economy if the Strait of Hormuz stays closed

What it will mean for the economy if the Strait of Hormuz stays closed

With shipping traffic at a near halt at the Strait of Hormuz, the possibility of prolonged disruption to supplies of oil and other important commodities has grown. The big picture: If the military situation doesn't change soon, it will create a moderate stagflationary drag on the U.S. economy and a substantial one on Europe and East Asia. If oil prices spike substantially further, it would likely

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