Driven by tensions in the Middle East, US gasoline prices may continue to rise

Energy experts have warned that if the Strait of Hormuz remains closed next month, the increase in U.S. gasoline prices could approach 70%. Sources say that the U.S. President’s team has repeatedly pressured representatives of the American energy industry, urging energy companies to boost domestic production to alleviate supply pressures, but the energy sector has not yet made any commitments.