Trump says Iran war is over. The Strait of Hormuz disagrees.
Part of composite article Trump’s Iran War Blows Up His Gas Price Promise: Pump Hits $4.29 as Oil Giants Rake In $140 Billion View full article →
President Donald Trump has repeatedly described the war with Iran as won or nearly finished. But ship attacks in the Strait of Hormuz continue — and the energy markets are still feeling it.
Fatih Birol, head of the International Energy Agency (IEA), warns that energy markets will not return to pre-war conditions even during 2027. The Strait of Hormuz is a narrow waterway in the Middle East through which a large share of the world's oil passes.
The result for Swedish households: higher costs for fuel, electricity and food.