US warns of increasing oil prices in Strait of Hormuz
According to U.S. Energy Information Administration forecasts, there will be limited oil transit through the Strait of Hormuz until the end of August due to restrictions imposed by Iran. This has led to rising oil and fuel prices, with Brent crude price forecasts for 2026 raised to $87 per barrel. The expected average gasoline price for this year has increased to $3.78 per gallon. Despite Trump's statements asserting that the strait is "open" and under the control of the U.S. Navy, data indicates a significant decline in vessel movement, with the number of ships passing through not exceeding 8 compared to an average of 120 before the war.
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