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flag Iran blocked Pakistani ships and attacked vessels in the Strait of Hormuz, causing oil prices to surge on March 1, 2026.

flag Oil prices rose sharply on March 1, 2026, after Iran blocked three Pakistani cargo ships from passing through the Strait of Hormuz and attacked vessels in the region, disrupting critical global shipping routes. flag The incidents heightened concerns over potential supply chain disruptions and a broader economic impact, particularly in energy markets. flag The Strait of Hormuz remains a key chokepoint for global oil trade, and the escalation has triggered increased market volatility.

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