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Iran Conflict Forces Middle East Oil Shutdowns, Strands 150 Ships at Hormuz

people_culture UTC: 2026-03-02 15:54:27

Oil and gas prices surged as Israeli and U.S. strikes on Iran disrupted Middle East facilities and shipping through the Strait of Hormuz. Four tankers damaged, one seafarer killed, and 150 ships stranded as Qatar declares force majeure on LNG shipments.

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