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The Independent UK
The Independent UK
National
Bruce Golding

The real price surge from Iran War hasn’t hit yet, experts warn

  • US gas prices are projected to continue climbing for weeks, with experts predicting the national average could reach $4.20 to $4.30 per gallon.
  • This surge is attributed to a conflict initiated by Donald Trump against Iran , which has disrupted global oil supplies and market stability.
  • Energy experts note that initial market expectations for Trump to withdraw from the conflict have not materialized, leading to sustained uncertainty.
  • The conflict has repeatedly disrupted tanker traffic through the Strait of Hormuz, a vital oil shipping route, and involved threats against Saudi oil by Houthi rebels.
  • Analysts warn that ongoing disruptions have eroded market buffers, making a significant and unavoidable price correction in oil and gas markets increasingly likely.

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