Gulf Oil Exports Fall as Hormuz Disruption Pushes Up US Fuel Prices

Energy exports from the Gulf have dropped sharply since US and Israeli strikes on Iran began in February. In response, Tehran has restricted traffic through the Strait of Hormuz, a key waterway for oil and gas shipments. The disruption has contributed to a surge in US oil prices. The rise has added political pressure on the Trump administration ahead of the midterm elections, alongside the conflict in Ukraine.
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