White House launches 25 Freedom Fuel gas stations in this region

a barrel.

The sharp rise stemmed from shipping disruptions in the Strait of Hormuz.

In 2025, almost 34% of global crude oil passed through the Strait of Hormuz, according to the International Energy Agency. After the United States and Iran reached a tentative agreement to end the war in June, effectively reopening the Strait of Hormuz, gasoline prices continue reading …