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Jack Mintz: Energy security will top many nations' future political agendas

If the Strait of Hormuz is no longer safe, Saudi Arabia and other Gulf States will need other ways to deliver oil to the global market

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With the closing of the Strait of Hormuz to non-Iranian shipments of oil, the world is keeping close watch on oil prices. Energy security is now paramount, not ESG or climate change. Higher gas and diesel prices will crimp many household budgets already shrunken by price hikes since the pandemic year. Farmers, truckers, foresters and other energy-intensive businesses will be hurt by the sudden surge in oil prices.

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