The US barely gets any oil through the Strait of Hormuz. So why are gas prices up? [View all]

The Strait of Hormuz remains a thorny issue for the Trump administration's battle plans against Iran, despite the United States being one of the world's top oil producers and importing only a fraction of crude through the Strait compared to other countries.

In retaliation for the joint U.S.-Israel attacks on Iran that began on Feb. 28, Iran has put a stranglehold on the strait, demanding that foreign oil tankers get permission from the Islamic Republic before being allowed to pass through the critical maritime passage for the oil and shipping trades.

By choking off the strait -- the critical narrow passage between the southern coast of Iran and the northern coast of Oman that leads into the Arabian Sea -- Iran is putting enormous pressure on a global oil market that American consumers are already feeling at the gas pump.

Since the military conflict began, U.S. gas prices have gone up 81 cents to an average of $3.79 per gallon as of Tuesday, according to AAA.

https://www.msn.com/en-us/money/markets/the-us-barely-gets-any-oil-through-the-strait-of-hormuz-so-why-are-gas-prices-up/ar-AA1YQL4i