Browsing: strait of hormuz

The Iran war is now in its 46th day. Iran responded by restricting access to Hormuz, which carries about a fifth of the world’s seaborne oil, and moving to toll vessels transiting the strait. Waco drivers are already feeling it. The local average hit $3.38 a gallon last week, up 21 cents in seven days and 75 cents year-over-year, according to AAA data.