Strait of Hormuz Closure Drives Global Fuel Costs Above Four Dollars

AP Business reports that military conflict involving the United States, Israel, and Iran has effectively shuttered the world's most critical maritime oil corridor. This blockage of the Strait of Hormuz has decimated tanker traffic, forcing insurance premiums higher and leaving ma

AP Business reports that military conflict involving the United States, Israel, and Iran has effectively shuttered the world's most critical maritime oil corridor. This blockage of the Strait of Hormuz has decimated tanker traffic, forcing insurance premiums higher and leaving ma