What the closure of the Strait of Hormuz means for the global economy
- Publisher
- Federal Reserve Bank of Dallas
- Published
- 2026-03-20
- Type
- research report
- Link
- https://www.dallasfed.org/research/economics/2026/0320
- Last checked
- 2026-10-26
- Rights
- reference only — we link and describe; we do not republish the text.
Cited in
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Money and Conflicts of Interest
The largest oil supply disruption in history: what the Iran war did to the price of gas, diesel and everything shipped
Gasoline went from under $3 to $4.48 within ten weeks of the Iran war, diesel to $6.50, Brent peaked near $138, tanker hire rose from $65,000 to $1.6 million a day, and average gas prices under Trump now exceed Biden's.