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As faithful readers know, Dan Yergin—the Pulitzer Prize–winning author, guru of the oil markets, and vice chairman of S&P Global—comes round my place in Nantucket each summer for a sit-down to discuss the global energy outlook. Today, however, I am fortunate to have Dan here a few months early, for obvious reasons: The Mad King has launched his war of choice against Iran, and it’s roiling the oil markets; the military action in the region has all but closed the Strait of Hormuz.
