US petrol prices 50 percent higher than before war on Iran
Summary
The price of petrol in the US has risen to an average of $4.48 per gallon, a 50% increase since the war between the US, Israel, and Iran began. The blockage of the Strait of Hormuz, a key oil shipping route, has caused crude oil shortages, driving prices up despite a temporary ceasefire.Key Facts
- Petrol prices increased by 31 cents in one week, reaching $4.48 per gallon.
- Prices are 50% higher compared to before the US-Israel war on Iran started.
- The Strait of Hormuz, where much of the world’s crude oil passes, has been blocked by the conflict.
- Crude oil, the main raw material for petrol, has become harder to deliver due to the blockade.
- Prices briefly fell during a ceasefire but started rising again as the conflict continued.
- Experts say oil prices will stay high as long as the shipping route remains risky or blocked.
- The rise in fuel prices has increased inflation and economic uncertainty in the US.
- This situation has affected President Trump’s approval ratings amid public concern over the conflict and economy.
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