PANIC Grips China As Oil Supplies Dries Up

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As the war in Iran intensifies, the global oil market is on edge. Iran is threatening to shut down the Strait of Hormuz—the route for about 20% of the world’s oil—and reports suggest mines may already be in the water. Meanwhile, Chinese drivers are reportedly lining up at gas stations as prices surge. Is the world heading toward a major energy crisis, and what happens if Iran actually tries to close the strait?

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