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Economic News

Hormuz Oil Shock Costs Americans $45 Billion

Details
18 May 2026
The largest oil disruption in history is becoming an increasingly serious inflation threat to the U.S. economy, hitting low- and middle-income Americans especially hard as fuel and transportation costs surge following the Iran war.

Original Source:

https://www.newsmax.com/finance/economy/mideast-hormuz-oil/2026/05/18/id/1256668

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