"Significant disruptions in the supply chain and damage to refining and processing facilities could cause elevated prices to last longer than the duration of operations in Iran," said Hugh Daigle, a University of Texas-Austin petroleum and geosystems engineering professor. About one-fifth of the world's oil passes through the Strait of Hormuz, a point between the Persian Gulf and the Gulf of Oman where Iran can block oil tankers from passing through. "While the U.S. is a major producer of oil and gas, these are global markets and the U.S. can't be fully insulated," said Rachel Ziemba, the head of Ziemba Insights, a political risk consulting firm.
Author: Louis Jacobson, PolitiFact
Published at: 2026-03-04 23:51:54
Still want to read the full version? Full article
