BlockBeats News, April 2nd, according to CNBC analysis, as Trump is set to deliver a speech on the “victorious conclusion” of the Iran war, the energy market has come under significant pressure: U.S. gasoline prices have risen above $4 per gallon, and international oil prices have risen by about 27% since the conflict.
Impacted by the blockage of the Strait of Hormuz, global energy supply is tightening, with aviation fuel prices soaring by nearly 96% and Asian LNG prices rising by about 43%. Analysts warn that if the supply disruption continues, oil prices may approach or even surpass historical highs.
Historians point out that the current situation carries similar risks to the energy crisis of the 1970s, where inflation and energy shocks could have a lasting impact on the U.S. economy and politics. Although the U.S. is buffering the shock by releasing strategic reserves, global inventories are depleting rapidly, exacerbating the energy crunch.
