No Summary provided as the original text is short
- Strait of Hormuz: A narrow waterway critical to global oil shipments, making it a key chokepoint for energy markets.
- Hormuz blockade: A potential disruption or closure of shipping through the Strait of Hormuz, which can affect crude oil supply and fuel prices.
- Gas prices: Retail fuel prices paid by consumers, which often rise when global crude oil supply faces transport or geopolitical risks.