Sailing from the Strait of Hormuz will not make gas cheaper again | CNN Business

A gas station in Manhattan New York on March 31, 2026.

New York – The world economy is being held back by the actual closure of the Strait of Hormuz. The prices of petrol, jet fuel and diesel have gone up. Stock markets have fallen, and the possibility of a recession has increased. After weeks of trying and failing to reopen the critical waterway off Iran’s … Read more