Source: International Business Times
Day 7 of US–Iran War: Oil prices surge as Strait of Hormuz remains blocked — while Trump shrugs, ‘If they rise, they rise. ’ As the US-Iran war enters its seventh day, Americans are already facing rising fuel costs — and one of the world's most powerful energy officials is warning that further disruption lies ahead. Qatar's Energy Minister Saad al-Kaabi said on Friday that crude prices could surge to $150 (approximately £110) a barrel within two to three weeks if ships and tankers remain unable to pass through the Strait of Hormuz—the world's most critical oil export route.
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