Foreign media: U.S. gasoline prices have risen 50% compared to pre-Iran war levels, with the current average reaching $4.48 per gallon (approximately 8.1 RMB per liter), jumping 31 cents in just one week.
Despite President Trump suspending the military "Freedom Operation" to open the Strait of Hormuz, oil prices continue to climb. The global energy crisis has disrupted crude oil supplies; the strait typically carries one-fifth of global crude shipments, and tankers are now stranded and unable to deliver. A ceasefire agreement in mid-April briefly brought prices down for nearly two weeks, but prices rebounded after hostilities resumed.
S&P Global energy experts point out that every day the strait remains blocked exerts upward pressure on prices. Even after the conflict ends, shipping and insurance companies will continue to maintain a long-term premium due to ongoing regional risk concerns. The surge in energy prices is intensifying inflation and economic uncertainty, causing Trump's approval ratings to hit a new low.
Original source: toutiao.com/article/1864432717509640/
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