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The Independent UK
The Independent UK
Business
J.R. Duren

The Iran war is pushing prices higher – and Americans are struggling

The war in Iran is hammering Americans' wallets at the gas pump and beyond as cities across the country feel the impact of what’s happening thousands of miles away in the Middle East.

Iran has all but shut down shipping traffic through the Strait of Hormuz, a vital maritime passage that typically sees around 20 percent of the world’s oil supply pass through it annually. With the Strait choked off, soaring oil prices have led to U.S. gas prices jumping 92 cents from one month ago, according to auto club AAA.

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