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Analysis: A new oil shock is building. The next few weeks of war will be decisive for the economy.

By CNBC March 28, 2026 Bearish
Analysis: A new oil shock is building. The next few weeks of war will be decisive for the economy.
Oil executives and analysts warn that the Strait of Hormuz needs to be reopened by mid-April or oil-supply disruptions will get significantly worse. Benchmark oil prices reflect some optimistic scenarios that could still come true, but the window for that to happen is closing.
Oil executives and analysts warn that the Strait of Hormuz needs to be reopened by mid-April or oil-supply disruptions will get significantly worse. Benchmark oil prices reflect some optimistic scenarios that could still come true, but the window for that to happen is closing.