Gasoline prices in the U.S., which have risen $1.16 a gallon since the start of the Iran war in February, could top $5 a gallon as soon as later this month if the Strait of Hormuz remains closed through mid-April, according to J.P. Morgan energy analysts. Higher prices at the pump could also consume “much or all” of … Read more
The U.S. may have dropped anti-tank mines over a village in southern Iran, the open-source research group Bellingcat reported Thursday, as images posted on social media appeared to show American BLU-91/B scatterable anti-tank landmines in the southern suburbs of Shiraz. Iranian state media reported that “explosive packages” slightly larger than tuna cans had been dropped … Read more
American motorists could soon pay more at the pump amid spiking oil prices due to the U.S.-Israel attacks on Iran, with experts predicting gasoline prices could rise sharply this week. The price of West Texas Intermediate crude, a type of oil primarily produced in the U.S., jumped 6.2% on Monday to $71.19 per barrel, according … Read more