Live Demo Agent Trial
Live Demo Agent Trial Log In Sign Up
News Wire / economy

US Gas Prices Hit Highest Since Iran War

developing Iran International Ahvaz 15d15d Impact 8

At least two major steel manufacturing plants, Khuzestan Steel and Mobarakeh Steel, have been completely disabled. The situation is described as potentially being out of the control of the Khuzestan province authorities. An American blockade is effectively blocking Iranian ships in ports. Ten tankers filled with oil are currently unable to depart, according to the report. The average national price of unleaded regular gasoline in the US rose by 6 cents a gallon overnight to 417 cents per gallon. West Texas crude oil futures are trading near $100 a barrel, while Brent crude has reached $111 a barrel. These increases occur amid the United Arab Emirates' announcement to exit OPEC on May 1st. No new specific data provided in current feed to update existing story. Gas prices in Ukraine have risen following the escalation of the situation, according to Ukrainian Radio UR-1.

At least two major steel manufacturing plants, Khuzestan Steel and Mobarakeh Steel, have been completely disabled. The situation is described as potentially being out of the control of the Khuzestan province authorities. An American blockade is effectively blocking Iranian ships in ports. Ten tankers filled with oil are currently unable to depart, according to the report. The average national price of unleaded regular gasoline in the US rose by 6 cents a gallon overnight to 417 cents per gallon. West Texas crude oil futures are trading near $100 a barrel, while Brent crude has reached $111 a barrel. These increases occur amid the United Arab Emirates' announcement to exit OPEC on May 1st. No new specific data provided in current feed to update existing story. Gas prices in Ukraine have risen following the escalation of the situation, according to Ukrainian Radio UR-1. Seven key refineries in and around the Middle East have been seriously damaged by an Iranian counter-offensive. It is estimated that it will take between six months to one year for these refineries to return to full capacity. The damage is creating supply questions for jet fuel.

Topics

steel industry petrochemicals industrial damage

Developing

  1. 863d Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore.
  2. 863d Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.
  3. 863d Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est.
  4. 863d Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium.

Sources · 7 independent

Iran International

“two important steel manufacturing plants, namely Khuzestan Steel and Mobarakeh Steel, have completely stopped working, and at least 50 petrochemical-related facilities are non-functional.”

Iran International

“two important steel-making factories, namely Khuzestan Steel and Mobarakeh Steel, are completely out of operation... at least 50 related to petrochemicals cannot operate... 20 factories in Khuzestan are damaged”

Iran International

“two important steel-making factories, namely Khuzestan Steel and Mobarakeh Steel, are completely out of operation... at least 50 related to petrochemicals cannot operate”

Radio ZET

“amerykańska blokada skutecznie blokuje irańskie statki w portach. Stoi tam dziesięć tankowców pełnych ropy, które nie mogą wypłynąć.”

Cadena SER

“el petróleo se encarece más de un 2% y escala máximos de las últimas tres semanas sin perspectivas a una resolución de paz en Irán.”

WTOP Washington DC

“Gas prices across the country are now at their highest point since the US War against Iran started. AAA says the average national price of unleaded regular jumped 6 cents a gallon overnight and is now at 417 a gallon.”

Ukrainian Radio UR-1

“Ціни напальне в Україні піднялися після загострення ситуацій”

SAfm

“seven key refineries in and around the Middle East... have been seriously damaged by the Iranian counter offensive and it's estimated that it'll take six months to a year to get back to full stream.”

Unlock the full story

Get a Pro subscription or above to see the live story progression and the full list of independent sources confirming each event as they happen.

Log in to upgrade