Iran Blocks Strait of Hormuz After Israeli Attacks on Hezbollah, Energy Crisis Continues
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Iran has once again blocked the Strait of Hormuz following Israeli attacks on the Lebanese militant group Hezbollah, causing volatility in oil and gas prices. The blockade came shortly after a brief period of relief from an agreed ceasefire in the Persian Gulf region. The price fluctuations, while significant, have remained at levels that indicate the continuation of the ongoing energy crisis, according to economic analysts.