American Car Association: Gasoline Prices Near $4 per Gallon Amid Hormuz Strait Tensions
The article discusses the escalating tensions surrounding the Strait of Hormuz, where Iran asserts its decisive control over the strait and insists that its military capabilities enable it to enforce full dominance. Both Iran and the United States have been issuing increasingly stern statements about closing or opening the strait. It also notes that gasoline prices in the United States are approaching $4 per gallon as a result of the situation in the strait. Iran accuses the U.S. of disrespecting the legal regime of the strait and declares its readiness to take defensive measures if necessary. Additionally, Iran warns that the strait belongs to Iran and that no one will be allowed to usurp its sovereignty, amid international efforts to prevent a new escalation in the region.
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