Mid-August gas price spike hits record as Iran tensions persist under Trump

1 min read
Source: The Independent
Mid-August gas price spike hits record as Iran tensions persist under Trump
Photo: The Independent
TL;DR Summary

Gas prices surged to a mid-August record, averaging just over $4 a gallon, as the Iran conflict and an ongoing U.S. blockade keep global oil markets tight, with roughly 20% of world oil moving through the Strait of Hormuz.

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