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Event Brief

Global Energy Crisis: Winners and Losers

As oil prices surge, economies face rising costs and supply risks.
WHO: Middle Eastern economies
WHAT: Global energy crisis due to rising oil prices
WHEN: Mar 12, 2026 at 7:32 AM ET
WHERE: Strait of Hormuz
WHY: Closure of strategic chokepoints impacting supply
Sources (1): Al Jazeera

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