Gas prices have spiked in the U.S. as oil has jumped to over $90 since the war began in Iran.
Energy Secretary Chris Wright said Sunday that an oil tanker has passed through the Strait of Hormuz, calling it an early sign that the crucial shipping route is starting to reopen.
Chris Wright says price increase would last weeks, not months, and that US would not target Iran’s energy industryChris Wright, the US Department of Energy secretary, said on Sunday that the spike in energy prices would last weeks, at the worst, not months, and that the US would not target Iran’s energy industry.His comments come amid rising anxiety that…
The conflict in the Middle East has halted oil exports through one of their most critical routes - 20 million barrels of oil a day, about 20% of global oil supplies, ship through the Strait of Hormuz.
