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Event Brief

Middle East Oil Shock: Largest Supply Disruption

IEA reports on unprecedented oil supply disruption due to attacks in the Strait of Hormuz, causing prices to soar above $100.
WHO: Iran
WHAT: Launches attacks affecting oil supply
WHEN: Mar 12, 2026 at 9:56 AM ET
WHERE: Strait of Hormuz
WHY: To disrupt global oil supply
Sources (1): Buenos Aires Times

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