Patrick de Han, head of petroleum analysis in Gaspode, says that the high gas prices from a possible Iranian closure to the Strait of Hormuz “will not last long.”
The head of the Petroleum analysis at Gasbuddy spoke with Fox News Digital about the increasing concerns that gas prices will rise after the president Donald Trump It ordered a strike on the Iranian nuclear facilities during the weekend, and the Middle East weighs the critical strait of the hormone.
Patrick de Han Fox told an increase in Gas prices For the Americans, “they are likely to be temporary” even if the Iranians move forward by closing a clip that facilitates nearly one -fifth of crude oil trade in the world. His comments came before Iran was exhausted by firing missiles at an American base in Qatar, which intercepted these missiles. No victims were reported, according to Fox News Liz Faridin reports.
“If Iran mentioned the closure of the Strait of Hormuz, you can see a rapid increase in oil after a barrel sign of $ 80,” Di Han explained. “This can bring a national average of 3.40 dollars to $ 3.50. If it succeeds in moderately, the oil may rise to the top, but it is possible to be temporary.”
Iranian naval soldiers in a rapid armed boat in the Persian Gulf near the Strait of Hormuz, south of Tehran, on April 30, 2019. (Morteza Nikoubazl / Nurphoto via Getty Images / Getty Images)
“Follow incorrect/wrong rumors talking about a significant rise in (gas prices),” Gasbuddy expert It was published to X.. “This is a mistake. It is not true on the highest order.”
The hormonal strait width is about 21 miles in the narrowest point. It is located between the Gulf of Oman and the Persian Gulf and works as a relationship across the Arab Sea. The main natural waterway is technically subject to the United Nations Convention on the Law of the Sea, but the large military presence of Iran in the region would give them the ability to restrict traffic.
How will Iran affect the Strait of Hormuz on us, the world
Markets It rose on Monday a little higher With the fluctuation of future oil contracts, but mostly remain down during early trading hours.
“Consider, that the oil was a few weeks ago to the mid -1960s,” De Han added. “Oil producers have reduced the excavators. This is the number of American excavators, a sign of the place of oil production, it actually indicated that American production might be close to peak, at least temporarily, due to low oil prices.”
President Donald Trump offers a letter to the nation from the White House on June 21, 2025, in Washington, DC (Carlos Baria – Swimming Path / Getty Images)
But the declining trend in the price of oil is now facing a growing conflict in Iran. De Han said that a step to close the Strait of Hormuz “will also stifle Iran’s economy.”
Vice President JD Vance He also indicated that a decision to close the corridor would be a blow to Iran’s finance, as he told “Meet The Press” from NBC that closing the strait could “destroy their economy.”
“Their entire economy passes through the Strait of Hermoz,” Vans explained. “If they want to destroy their economy, this may cause disruption in the world. I think this will be their decision, but why do they do that?”
The map shows us a military presence in the Middle East. (Fox News / Fox News)
The Iranian parliament voted in favor of closing the corridor on Monday, indicating a possible unity in the Middle East country to move forward with the decision.
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Fox News Digital contacted the Ministry of Energy and the Ministry of Treasury, but it did not receive a response.
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