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Trump warns of looming oil crisis
The article discusses concerns about global oil supplies amid ongoing tensions in the Middle East, particularly regarding the Strait of Hormuz's closure and Iran's actions. Despite disruptions, US and Chinese reserves have temporarily prevented a full-scale oil crisis, but oil reserves are low, refining capacity is strained, and market confidence remains high due to expectations of resolution. Experts suggest that long-term solutions, such as Iran charging tolls or alternative pipelines, could eventually reduce dependence on the Strait, but current tensions continue to threaten global oil stability.
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