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Hormuz Tanker Traffic Collapses to 4 Vessels as Saudi Pipeline Closure Cuts Oil Routes
OilPrice.com·SA · IR · AE·about 20 hours ago
German gasoline prices reached a new national average of 2.453 euros per liter on Wednesday, per ADAC data, driven by the war in Iran and disruption of maritime transport through the Strait of Hormuz. The record price intensifies pressure on the German government to ease the burden on drivers, though no policy response has been announced. The sustained supply disruption through a critical chokepoint is the key driver, with further price increases likely if the strait remains blocked.
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