How Iran’s Gulf strikes and Strait of Hormuz closure are driving up global fuel prices

Iran’s strikes and its effective closure of the Strait of Hormuz have forced oil and gas facilities across the Gulf to shut down. This could leave businesses and consumers worldwide facing weeks or even months of higher fuel prices. Al Jazeera’s Um-e-Kulsoom Shariff explains. Subscribe to our channel: http://bit.ly/AJSubscribe Follow us on X: https://twitter.com/AJEnglish Find us on Facebook: https://www.facebook.com/aljazeera Check our website: http://www.aljazeera.com/ Check out our Instagram page: https://www.instagram.com/aljazeeraenglish/ Download AJE Mobile App: https://aje.news/AJEMobile #Oil #Gas #LNG #StraitOfHormuz #GCC #OilPrices #CrudeOil #Iran #Israel #US #USIsraelWarOnIran #USIranTensions #USIranWar #IsraelIranWar #IsraelAttacksIran #IranWar #DonaldTrump #AyatollahAliKhamenei #MiddleEast #OperationEpicFury #AlJazeeraEnglish