You may want to fuel up fast

[TacosUberAlles]

Iran is closing the Straight of Hormuz. This is going to cause the prices of oil & gas to go up significantly.

Iran's Parliament Votes To Close Straits of Hormuz After US Attacks

[surfered]

1. Oil is $75 a bbl. It was $57 in May.

[newdeal2]

3. That's called the weave

And it is beautiful.

[roamer65]

2. The Houthis in Yemen cancelled the ceasefire.

It’s game on again in the Red Sea.

[dalton99a]

4. Kick

[gab13by13]

5. This will piss off Krasnov

His only economic policy is to weaken the dollar and strengthen crypto.

I doubt that he realizes high oil prices are strengthening the dollar.

[Kaleva]

7. A price increase will also increase domestic production

[Kaleva]

6. US imports less then 10% of its oil from the ME

[Irish_Dem]

8. Yes but it is a chance for other oil producers to scam Americans, raise prices.

[Kaleva]

10. Prices will assuredly go up but there won't be any shortages.

[Ace Rothstein]

11. True, but non-ME oil will spike as well if the supply from the ME is disrupted.

That being said, I don't think it will end well for Iran if they try to close the strait.

[Norbert]

9. The Middle East countries be like; I don't like my brother but don't you pick on him.

I predict the MAGAt celebrating dumps 'decisive' victory will be short, especially if gas in the midwest is well above $4.50.