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The energy crisis has only just begun
A Thai bulk carrier travelling in the crucial Strait of Hormuz that was attacked March 11. The disruption to shipping through the strait is expected to create a major gap in global oil supply in the weeks ahead. (Royal Thai Navy/AFP/Getty Images) For every day the war in the Middle East drags on, the crisis in energy markets deepens. The price of everything from gas and oil to jet fuel and plastics is rising sharply. That crisis is set to get dramatically worse over the next week or two. EnergyRead more