There have already been reports of #attacks on tankers, and now many vessels have slowed down or anchored near the strait.
14
More than two decades ago Dmytro started a company that owns a network of Ukrainian gas stations.
So after the joint U.S.-Israeli strikes on #Iran and Tehran’s retaliation, he noticed that oil prices jumped fast, reaching above the $80 per barrel mark within days, the highest price in more than a year.
The price surge was driven by the safety risk around the Strait of Hormuz, a key shipping route that links the Persian Gulf to the rest of the world. Through this key passageway transits about one-fifth of the world’s #oil.
16
#ISRAEL STRIKES #HEZBOLLAH IN #LEBANON: Israel said it targeted the militants of Hezbollah, Iran’s ally in the Middle East, including its senior officers. Lebanese journalists report that at least 31 people have been killed and 149 injured in the southern suburbs of Beirut. https://www.reuters.com/world/middle-east/israel-strikes-lebanon-following-hezbollah-attacks-widening-iran-conflict-2026-03-02/
MAJOR #OIL REFINERY IN SAUDI ARABIA SHUT AFTER A #STRIKE: The country’s largest oil refinery in Ras Tanura is shut as a precautionary measure after two drones were intercepted on the site. https://www.reuters.com/business/energy/saudi-aramco-shuts-ras-tanura-refinery-after-drone-strike-source-says-2026-03-02/
3
Tim Chambers
boosted
Remember when Trump constantly blamed Pres. Biden for high gasoline prices?
With the Trump ordered bombing of Iran, oil prices have risen $6 overnight meaning gasoline prices will sharply increase in the next weeks.
Let’s see what Trump does to reduce your pain at the pumps now that he’s the one in the White House.
The sure money is on ‘nothing’.
#oil #gasoline #economy #inflation #trump #iran #MAGA #republicans #america #worldnews #news
Remember when Trump constantly blamed Pres. Biden for high gasoline prices?
With the Trump ordered bombing of Iran, oil prices have risen $6 overnight meaning gasoline prices will sharply increase in the next weeks.
Let’s see what Trump does to reduce your pain at the pumps now that he’s the one in the White House.
The sure money is on ‘nothing’.
#oil #gasoline #economy #inflation #trump #iran #MAGA #republicans #america #worldnews #news