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flag Strait of Hormuz closure triggers global fuel crisis, threatening U.S. gas prices and jet fuel shortages.

flag Former Biden administration energy adviser Amos Hochstein warned that the Strait of Hormuz closure has triggered a severe global fuel crisis, causing jet fuel shortages and threatening to spike U.S. gas prices. flag He noted that while U.S. reserves remain stable, soaring global jet fuel costs will likely raise airfares this summer. flag Regarding Iran, Hochstein acknowledged the U.S. had prepared for potential military action by 2025 but stated recent strikes targeted military infrastructure, not nuclear facilities, questioning if a diplomatic solution is now possible.

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