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Oil Shock From the Iran War Could Reshape the Global Car Market
A CleanTechnica analysis argues that a prolonged disruption in Middle East shipping lanes could lift oil prices, squeeze consumers and accelerate the long-term case for electric vehicles.
Key Takeaways
- The article says the Strait of Hormuz closure affects 20% of world oil supply.
- It cites a Dallas Fed analysis projecting oil around $100 while the strait is closed.
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DT Editorial AI··via cleantechnica.com