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Representative image illustrating global financial market volatility as equities fall and the United States dollar strengthens amid escalating United States–Israel military operations against Iran and rising risks to oil shipments through the Strait of Hormuz.

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Strait of Hormuz closure pushes oil to 2022 highs as Wall Street logs weekly loss amid Iran conflict

Brent crude settles above $100 and US stocks post weekly losses as the Strait of Hormuz closure fuels inflation fears and complicates Federal Reserve rate cut plans.

March 14, 2026

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