The Guardian Australia
·general
·2 hours ago
US gas prices hit $4.23 high as Hormuz fears drive oil surge
US gas prices hit $4.23 per gallon, their highest since 2022, as tensions over the Strait of Hormuz and oil blockade threats pushed Brent crude to $114.60 per barrel. The benchmark has climbed nearly 25% since mid-April. Ship transits through the vital chokepoint dropped to 35 weekly, down from 78 the previous week, disrupting global oil supply.
Summary by Glance · The Guardian Australia
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