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Energy

Iran war reality check: Global markets still dictate American energy prices

By Drew Bond
Published
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If America is energy dominant, why is the shutdown of a strait thousands of miles away spiking our gas prices?

Following U.S. and Israeli strikes on Iran, shipping traffic through the Strait of Hormuz collapsed nearly overnight. Qatar declared force majeure on liquefied natural gas deliveries. Oil surged past $90 a barrel. Gas prices jumped at the pump.

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Electricity Energy Financial Markets Gas Prices Iran Markets Nuclear Energy Oil Strait of Hormuz War