Crude oil nearly hit $120 a barrel overnight — and your gas prices just jumped 14% in a single week. But this isn't about Iran's oil production — it's about something far more dangerous: Iran's ability to choke off 20% of the world's entire daily oil supply at the Strait of Hormuz. Before you panic — or before you miss the real story — you need to understand the mechanism that just quietly rewrote your monthly budget. Gas Prices

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