2 weeks ago

Iran defies US on Hormuz; Trump urges higher gas prices

Iran defies US on Hormuz; Trump urges higher gas prices
‘Pay a little bit more’ for gas: Trump asks Americans to bear cost of Iran war · firstpost.com

Some countries are fighting a war.

America and Israel are fighting against Iran.

There is a very important waterway called the Strait of Hormuz, where giant ships carry oil.

Iran says it will keep this waterway closed until America admits it lost the war.

Because fewer oil ships can pass, gas for cars is getting more expensive in the United States.

A gallon of gas now costs about $4.08, which is 29% more than a year ago.

President Trump told Americans to accept paying a little more for gas, because he says it stops Iran from getting a nuclear weapon.

He also said America will take control of the waterway after it wins the war.

Iran's leaders say America must meet their conditions before they will talk, and they blame America for high prices in Iran too.

Ships near the waterway have been attacked, and people are worried the fighting may spread.

Key facts

Average US gas price
$4.08 per gallon on Friday
US gas price change (year over year)
+29%
Strait of Hormuz transits on Friday
2 vessels, no crude oil shipments (pre-war: more than 130 per day)
Weekly crude oil futures gains
Brent +6.0%, West Texas Intermediate +5.4%
War start
February 28, launched by the US and Israel
June peace deal status
In tatters
Attack on UAE vessels
Two Abu Dhabi National Oil Company vessels attacked Thursday; another reported Friday
Houthi attacks
Six ballistic missiles at Mocha port in Yemen (four civilians killed); drone targeting at Najran, Saudi Arabia

Quotes

Kazem Gharibabadi

Deputy Foreign Minister of Iran

“"This strait will be opened and closed only under Iran's command, and so long as you do not accept the reality of defeat and stop indulging in fantasies, Iran will continue to enforce the blockade."”
telegraphindia.com

Donald Trump

President of the United States

“"Paying 'a tiny little bit more for your gasoline' is worth the cost of ensuring a very evil country could not have a nuclear weapon."”
telegraphindia.com firstpost.com

Sources

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