The Iranian blockade of Hormuz has led to an increase in oil prices for nearly 150 countries.
People around the world are facing higher prices at the pump due to the war and the blockade of the Strait of Hormuz. According to statistics from Al Jazeera, at least 146 countries or regions have reported increases in gasoline prices since the end of February.
I have listed the 60 countries or regions before the price increase, all of which have seen at least a 4% rise. This is also why I repeatedly emphasize that Iran's continuing blockade of the Strait of Hormuz is not just a problem with the United States, but is in opposition to the entire world.
The longer the Iranian blockade lasts, the greater the pressure increases, making it less likely to endure for a longer time; oil prices will certainly fall, so I personally believe that selling short at high prices is the correct approach.
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