US Energy agency says fuel prices may keep rising for months after Strait of Hormuz reopens: All we know
New Delhi, April 7 -- The United States Energy Department's statistical body has in its recent short-term energy outlook report said that fuel prices could keep rising for months even after the Strait of Hormuz reopens, Reuters reported.
Notably, this comes after US President Donald Trump repeatedly assured American consumers that shocks are temporary and there will be immediate relief when the war with Iran ends, it added. Trump has seen his approval ratings in the US dip amid the war, months ahead of the November mid-term elections.
The US-Israel war with Iran has pushed oil and fuel prices near recent highs as Tehran has been blocking the crucial waterway.
The Energy Information Administration (EIA) on Tuesday said fuel price trajec...
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