Middle East Tensions Raise New Affordability Fears: What a Strait of Hormuz Disruption Could Mean for Michigan Gas Prices
DETROIT - As U.S.–Iran tensions escalate following weekend military strikes, energy markets are zeroing in on one strategic chokepoint: the Strait of Hormuz. Roughly 20% of the world’s seaborne oil supply passes through that narrow waterway between Iran and Oman. If Iran were to disrupt or temporarily shut down shipping lanes, even briefly, the impact









