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As the war in Iran enters its fourth week, attacks on the region’s energy infrastructure are disrupting the economy around the world.
The price of oil reached nearly $120 a barrel, up from around $80 just a little more than a week ago.
International shipping through the Strait of Hormuz is effectively closed.
And the local economies of Persian Gulf countries, including the United Arab Emirates and Saudi Arabia, continue to come under direct attack.
Why does the U.S. g…