Oil prices have risen drastically, with Brent crude climbing over 12% in one day, stabilizing at 124 dollars per barrel, while WTI crude exceeds 110 dollars per barrel. This increase is the result of discussions between Donald Trump and his advisors regarding the maintenance of the naval blockade on Iran, including a possible long-term closure of the Strait of Hormuz, a crucial route for oil and gas transportation.
The drastic reduction in maritime traffic through this strait has led to a major disruption in supply, considered by the International Energy Agency as 'the largest disruption in history'. High energy prices are already affecting costs for consumers, with the average gasoline price in the US reaching 4.23 dollars per gallon. Analysts warn that, without a rapid reopening of the strait, oil prices could continue to rise, having negative implications for the global economy and risks of recession.
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