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1 day ago

The pain from the Strait of Hormuz crisis will be felt far beyond the pump

Fertilizer is loaded into a fertilizer spreader from a transfer wagon in Neubukow, Germany. | Bernd Wüstneck/picture alliance via Getty Images The gas prices are unmissable. Since the US and Israel launched strikes on Iran on February 28, Brent crude oil has surged past $100 a barrel for the first time in four years, briefly topping $119 on March 19. California drivers are paying over $5 a gallon, while gasoline prices in Japan hit a record high. The International Energy Agency (IEA) coordinated a release of 400 million barrels from strategic petroleum reserves — the largest in histor...

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