A War That Starts With Oil—but Doesn’t End There When most people hear about a conflict in the Middle East, they think about oil prices. And that’s a good starting point. But it’s only the beginning of the story. The region surrounding Iran sits at the center of some of the most important energy arteries in the world. One of the most critical is the Strait of Hormuz, a narrow shipping corridor through which roughly one-fifth of the world’s oil supply passes every day. If that passage becomes unstable—or worse, blocked—the shockwaves don’t stop at the energy markets. They ripple through manufacturing, transportation, agriculture, and consumer goods. In other words, they ripple through your daily life. The media tends to…

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