The Strait of Hormuz blockade and possible new Iran sanctions are cutting Iranian oil export capacity and keeping upward pressure on oil and US gasoline prices, with gasoline around $4 a gallon becoming a major political pressure point ahead of the midterms.
The Strait of Hormuz blockade and possible new Iran sanctions are cutting Iranian oil export capacity and keeping upward pressure on oil and US gasoline prices, with gasoline around $4 a gallon becoming a major political pressure point ahead of the midterms.