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Story summary
- U.S. President Donald Trump’s naval blockade of the Strait of Hormuz has pushed U.S. gasoline prices above $4 per gallon.
- U.S. forces are enforcing the blockade while Iran keeps the strait closed, leaving the conflict deadlocked.
- Energy analysts estimate that Iran loses up to $250 million in oil revenue per day.
- Rising fuel costs are expected to shape the upcoming midterm elections by increasing public dissatisfaction with the war strategy.
