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world Scmp World 2026-04-01

Israel dodges Hormuz energy crisis, others reel from the blow

Iran's chokehold on the Strait of Hormuz has thrown the global economic system into turmoil, yet Israel has emerged as a rare exception, remaining largely insulated from the shock. The Middle East war has driven up oil and natural gas prices globally, but Israel's economy has remained unaffected. This raises questions about Israel's unique circumstances and its ability to weather the storm.

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