Gasoline prices are rising largely because of the Iran war's impact on the Strait of Hormuz, a crucial passageway for oil and gas from the Persian Gulf. The waterway off Iran's coast, now effectively closed, is so vital for the global economy that governments are working on blueprints to speedily reopen it to shipping when the shooting stops.
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Gasoline prices are rising largely because of the Iran war's impact on the Strait of Hormuz, a crucial passageway for oil and gas from the Persian Gulf. The waterway off Iran's coast, now effectively closed, is so vital for the global economy that governments are working on blueprints to speedily reopen it to shipping when the shooting stops. Subscribe: http://smarturl.it/AssociatedPress Read more: https://apnews.com This video may be available for archive licensing via https://newsroom.ap.org/home