Gas Prices Surge: Iran Shuts Hormuz, Oil Futures Jump 10%

Oil futures jump 10% after Iran shuts the Strait of Hormuz, fueling fearsGas prices today are flashing red alerts across the US as Iran’s navy seals the Strait of Hormuz, threatening to unleash a global oil crisis that could send pump prices soaring past $5 per gallon of $4-$5 gas as markets brace for a global supply shock.

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