Oil prices rose Sunday after Iran threatened to shut down the Strait of Hormuz indefinitely in response to President Donald Trump’s ultimatum on the restoration of oil traffic through the critical waterway. The war in Iran, which has entered its fourth week, has caused a major oil disruption, due mostly to the effective closure of the strait, which is the world’s busiest oil-shipping channel. The average price of a gallon in the US reached $3.94 on Sunday, up almost a dollar since the start of the war.
Author: Auzinea Bacon
Published at: 2026-03-22 22:15:00
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