Patrick Dahan, head of oil analysis, gas, says the rise in gas prices due to Iran's possible shutdown from the Strait of Hormoz will not “long.”
The head of Gasbuddy's oil analysis talked to Fox News Digital about rising concerns about rising gas prices after the president Donald Trump On the weekend, he ordered a strike on Iran's nuclear facilities and weighed the Middle East to extinguish the critical gorge of hormosis.
Patrick Di Han told Fox that increased in Gas price For Americans, “probably be temporary”, even if the Iranians will move forward by turning off the crossroads that facilitate about one -fifth of the world's crude oil trade. His remarks retaliated by firing a missile at the US base in Qatar, which intercepted the missiles. No casualties have been reported, according to Liz Frieden Fox News.
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“If Iran remembers the closure of the Strait of the Hormoz, you can see a quick spike in the oil that has passed through the $ 80 barrel,” Di Han explained. “This could reach the national average of $ 3.40 to $ 3.50. If they are very successful in carrying it, oil can go even higher, but it will probably be temporary.”
Iranian Navy soldiers in a boat with a rapid armed boat in the Persian Gulf near the Hormoz Strait just south of Tehran, on April 30, 2019. (Morteza Nikoubazl / Nurphoto through Getty Images / Getty Images)
“Continue to be false/false rumors about massive input (gas price),” Posted to xHuman “this is wrong. In the highest order is incorrect.”
The hormoz gorge has approximately 21 miles at its thinnest point. Located between the Gulf of Oman and the Persian Gulf and serves as a connection through the Arabian Sea. The key natural waterway is technically governed by the UN Convention on the Law of the Maritime, but Iran's large military presence in the region allows them to limit the passage.
How Iran's Hormoz Strait is affecting us, the world
Market Monday a little higher With the fluctuation of oil future, but most of the trading hours remain.
“Remember, the oil was just a few weeks ago in the mid -60s,” Han added. “Oil manufacturers were out of the platforms. This is the number of US rigs, a sign that oil production may go there, it really showed that US production may be at least temporarily due to low oil prices.”
President Donald Trump will speak from the White House on June 21, 2025 in Washington, DC. (Carlos Barria – Pool / Getty Pictures / Giti Pictures)
But the downward trend in oil prices is currently facing fierce clashes in Iran. Di Han said that an action to turn off the hormoles' Strait will also act to thwart Iran's economy. “
Vice President JD Vance He also noted that a decision to turn off the crossing would be a blow to Iran's finances, and “meeting with the press” from the NBC said that closing the gorge could “destroy their economy”.
Venus explained: “Their whole economy passes through the Hormoz Strait.” “If they want to destroy their economy, it can cause disruption to the world. I think that would be their decision, but why did they do it?”
A map shows US military presence in the Middle East. (Fox News / Fox News)
The Iranian parliament voted to extinguish the crossing of Monday and indicated possible unity in the Middle East to advance the decision.
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Fox News came to the Ministry of Energy and the Treasury Department but received no response.