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    War risk premium returns as Gulf conflict casts shadow on energy markets

    Roughly 20 percent of global oil and a similar share of LNG transit the Strait of Hormuz between Iran and Oman. Any sustained disruption would transmit price shocks globally within days

    Vivek Y Kelkar
    March 04, 2026 / 11:26 IST
    Trump’s move is aimed at calming volatility in global energy markets arising from the war in Iran
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