00:00What if one narrow waterway could shake the entire world economy overnight?
00:04That's exactly what's happening right now.
00:06Oil prices are climbing again after Iran denied any talks with the United States,
00:11despite claims from Donald Trump that a deal was close.
00:14Markets reacted instantly.
00:17Brent crude jumped above $103, while U.S. oil surged too.
00:21Why?
00:22Because traders fear one thing, the Strait of Hormuz.
00:25This tiny passage handles nearly 20% of the world's oil supply.
00:30And right now, it's anything but safe.
00:32Tensions are rising, missiles are flying, and energy infrastructure is being hit.
00:37Even though attacks were delayed, the risk hasn't gone away.
00:40Experts say oil could hit $150 per barrel if this disruption continues into April.
00:46That would mean higher fuel prices, rising inflation, and pressure on economies worldwide.
00:52Some oil is still moving, but not enough to calm the market.
00:56Governments are even considering emergency reserves to prevent a bigger crisis.
01:01So while leaders talk and deny behind the scenes,
01:04as long as the Strait of Hormuz stays uncertain,
01:07the world is one headline away from an oil shock.
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