From the Strait of Hormuz to your tank: Why gas costs more right now

AI Briefing

• – The global energy crisis is driven by a combination of factors, including a surge in demand, supply chain disruptions, and geopolitical tensions.
• – The Strait of Hormuz, a critical shipping route for oil exports from the Middle East, has been a focal point of tensions between the US and Iran.
• – As a result, oil prices have increased, affecting gas prices at the pump nationwide.