US Petrol Prices Hit Four-Year High? Reports Claim Gridlock Over Reopening of Strait of Hormuz Sent Cost to $4.18 a Gallon

Source: International Business Times

US petrol prices have surged to the highest levels in four years, with the average cost of fuel reaching $4. 18 (per gallon). This sharp rise comes amid ongoing geopolitical tensions, particularly a gridlock over the reopening of the Strait of Hormuz, a crucial maritime passage for global oil trade.