CNN·3 min read·medium
Live updates: US-Iran war; hopes for imminent Strait of Hormuz deal fade
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Aditi Sangal, Brad Lendon, Kevin Liptak, Anna Cooban, Issy Ronald, Mustafa Qadri, Andrew Carey
✦AI Summary
US officials are warning of rising oil and gas prices as transit constraints persist in the Strait of Hormuz. Despite President Trump's claims that the waterway is open, energy flow remains significantly below average levels.
Link Copied! US officials warn of higher oil and gas prices due to Strait of Hormuz shutdown By Matt Egan A day after President Donald Trump claimed the Strait of Hormuz is “open,” officials inside his administration are ramping up their forecasts for oil and gasoline prices as “constraints” block the flow of energy through that critical waterway.
economyworldbusiness
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