If you think your energy costs are high now, the situation may be about to get a whole lot worse.
With traffic in the Strait of Hormuz – normally the primary route for oil leaving the Middle East – hovering below 15% of prewar levels, oil prices have increased from US$65 a barrel before the conflict in Iran began in February 2026 to more than $100 a barrel in mid-September.
.png?w=600)
