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News in English (USA) / 12.04.2026 / 16:00

Strait of Hormuz Reopening May Not Solve Oil Price Crisis

As tensions in the Middle East persist, the prospect of reopening the Strait of Hormuz, a critical oil shipping route, is in the spotlight. Although White House adviser Kevin Hassett predicts the strait could reopen within two months, analysts caution that it may take much longer for oil supplies to normalize. Recent reports highlight a record jump in gasoline prices across the U.S., with costs spiking by 25% in cities like Chicago. Even with a ceasefire in the region, the U.S. Energy Information Administration warns that fuel prices could remain elevated for months due to disruptions in Middle Eastern oil production, which is expected to drop by 9 million barrels a day. Experts indicate that the shipping pace through the strait is currently at only 10% of normal levels, and significant logistical challenges will likely delay any recovery in oil flow. The situation leaves consumers facing high fuel costs and uncertainty in energy markets.
CNN, The New York Times, The Times of Israel, MSN, Media Matters for America, Land Line Media, Chicago Tribune, stl.news, Iowa Park Leader, The Business Standard