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It’s looking grim: a massive new crisis looms, and Hungary could be among the biggest losers
Iran has now officially sealed off the Strait of Hormuz, the vital artery through which a hefty chunk of global oil and LNG shipments flow. While this could boost demand for Russian oil and gas, it may mean a new crisis for the economy of nations like Hungary.
New crisis on the horizon
According to a Pénzcentrum report, the closure could rocket oil prices to $100–120 per barrel, piling ferocious inflationary pressure on Hungary and parts of the European Union. Central and Eastern Europe, including Hungary, remains ravenous for energy imports. With the exception of Hungary and Slovakia, every country in the region has ditched Russian supplies—but alternative sources may dry up if the Iranian conflict drags on. Even President Trump offers little cheer: US military planners initially banked on 3–4 weeks, yet a protracted war now looks all too plausible.
America’s aim is to cripple Iran’s capabilities, keeping the strait blockaded in the process. But that’s no quick fix; few shipping firms would willingly send crews through its narrowest pinch—barely 3km wide—in such peril.
Calm down, fam. The mad mullahs will be gone in no time. They are in way over their heads and this time we are not stopping nor getting cajoled into a meaningless ceasefire, like last June.
I mean, their Al-Quds terrorist brigades’ commander is an Israeli spy! HAHAHAHAHAHAHA!!! Am Yisrael 7ai!!!
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