Opinion
What's actually behind rising fuel prices — and what no government can fix
The escalation in the Middle East has sent shockwaves through the global energy market. Probably, the last time most consumers filled their tank, they didn't even think about the Strait of Hormuz. After the U.S. and Israel struck Iranian facilities, Tehran responded by closing the Strait of Hormuz, the narrow corridor through which a third of all maritime fuel shipments pass, effectively triggering a countdown to a potential global energy crisis. The region holds half of the world's oil reser
