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Houston, Texas – Saturday — Drivers across the Gulf Coast could soon see higher gas prices after U.S. military strikes on Iran unsettled global oil markets and raised concerns about disruptions to international crude supply.
Energy analysts are closely watching the Strait of Hormuz, a critical shipping corridor along Iran’s southern coast through which roughly 20% of the world’s petroleum supply moves daily. Any threat to tanker traffic through that passage can send crude oil prices sharply higher within hours…