Strait of Hormuz disruption lifts oil prices and raises risk of fuel rationing

Donald Trump says the United States will not be involved in the Strait of Hormuz, yet disruption there is pushing up global oil prices and threatening economic fallout. About 20% of the world’s oil passes the narrow channel, and analysts warn April’s losses could be double March’s, curbing growth and risking energy rationing in vulnerable economies. Al Jazeera’s Richard Gaisford reports from New York. Subscribe to our channel: bit.ly
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