Iran war reality check: Global markets still dictate American energy prices

Source: Washington Examiner · Bias: Center Right

Summary

If America is energy dominant, why is the shutdown of a strait thousands of miles away spiking our gas prices? Following U.S. and Israeli strikes on Iran, shipping traffic through the Strait of Hormuz collapsed nearly overnight. Qatar declared force majeure on liquefied natural gas deliveries. Oil surged past $90 a barrel. Gas prices jumped at […]

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Iran war reality check: Global markets still dictate American energy prices
Washington Examiner

Iran war reality check: Global markets still dictate American energy prices

Center Right

If America is energy dominant, why is the shutdown of a strait thousands of miles away spiking our gas prices? Following U.S. and Israeli strikes on Iran, shipping traffic through the Strait of Hormuz collapsed nearly overnight. Qatar declared force majeure on liquefied natural gas deliveries. Oil surged past $90 a barrel. Gas prices jumped at […]