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Trump's 48-hr Hormuz ultimatum translates into 2 potential scenarios - limited strikes leading to Brent spikes to US$110 or a shutdown leading to a global energy crisis, which could devastate crores of poor Indians.
Qatar, which produces a fifth of the world's liquefied natural gas, had to stop exports after Iran blockaded the Strait of Hormuz at the mouth of the Gulf, in the first few days of the conflict.
The most unsettling part of this warning is not just that gold and silver lost 2 trillion dollars in hours. It is that this is happening with a shooting war, with oil elevated, and with investors still treating metals as ultimate hedge.
Air Canada Express Collision Live Updates: An Air Canada Express flight from Montreal collided with a ground vehicle while landing at New York's La Guardia Airport