The escalating tension in the U.S.-Iran war has rattled the global energy market, with supply chain disruptions leading to sharp increases in oil prices throughout markets as uncertainty looms over the Strait of Hormuz.
The same disruption has resulted in unprecedented levels of hikes in gas and diesel prices at pumps across the U.S. Amidst the volatility, GasBuddy analyst Patrick De Haan, in a conversation with Benzinga, said that de-escalation was the only way to lower costs.
