Cost of living fears sparked by Donald Trump 's war with Iran have been ratcheted up to a new degree as the defending regime eyes closing a second strait - which it could use to inflict maximum economic damage on western economies. Uncertainty around the status of the Strait of Hormuz, the critical trade artery Iran has kept largely shuttered since entering a ceasefire with the Trump administration, has meant that prices of crude oil - and oil-based products like petrol - have remained sky-high.

Tag-uri: Petrol Donald Trump