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What the closure of the Strait of Hormuz means for the global economy


Abstract: The ongoing military conflict between Iran and the United States and Israel has raised concerns about a major disruption of global oil supplies driven by geopolitical events. This conflict has involved attacks on oil infrastructure in neighboring countries, including Saudi Arabia, Kuwait and the United Arab Emirates.

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File(s): File format is text/html https://www.dallasfed.org/research/economics/2026/0320
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Provider: Federal Reserve Bank of Dallas

Source: Dallas Fed Economics

Publication Date: 2026-03-20