Global Energy Costs Soar as Iran Crisis Disrupts Shipping, Oil and Gas Production

Summary Hormuz shut for fourth day, five tankers hit Qatar shuts gas output, Saudi refinery stops US gasoline prices rise above $3/gallon Bessent, Wright to announce US plans to mitigate oil spike (Reuters) – Global oil and gas prices jumped on Tuesday as the ​U.S.-Israeli war on Iran halted energy exports from the Middle East, … Read more