Oil prices climb after Iran warns against US ground invasion | CNN Business

Oil prices climb after Iran warns against US ground invasion | CNN Business


The war has caused the largest oil disruption in history due to the closure of the strait, which 20% of the world’s oil flows through. Americans are paying for the effects of the war at the pump: a gallon of gas in the US costs $3.98 on average Sunday. It will depend heavily on reopening the Strait of Hormuz and repairing damages to surrounding infrastructure, such as Qatar’s Ras Laffan — the largest gas production facility in the world — which Iran struck in mid-March.

Author: Auzinea Bacon


Published at: 2026-03-29 22:20:10

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