18 Days
Source:
البلاد
Trump: Hormuz Strait no longer affecting gas prices
Statements by U.S. President Donald Trump indicate that the Strait of Hormuz is no longer the main factor driving the rise in gasoline prices. He affirmed that emissions from oil refineries and the attacks they face in Ukraine and within the United States have a greater impact on the market. This comes amid ongoing escalating tensions in the Gulf region and conflicts related to oil supplies, despite Middle Eastern oil exports reaching pre-war levels for the first time since the Middle East conflict erupted, with the impact of attacks on tankers and the Strait diminishing. The statements mention record figures in oil exports and increased flows from the Gulf and Iraq through the Hormuz Strait, amid rising geopolitical tensions that continue to influence the global energy market.
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