One month into the Iran war, US petrol prices are beginning to hurt consumers at the pump.
Iran has effectively closed off the Strait of Hormuz, one of the world’s busiest oil shipping channels, since the US and Israel attacked it on 28 February. And it means the average price of petrol at the pump has topped $4 in the US for the first time in nearly four years as the Iran war continues to push up fuel prices.
Oil prices are on track for the biggest one-month rise on record, with the global Brent crude benchmark trading near $120 a barrel.
Read more about the rise in petrol prices here.
Source:
www.bbc.com
