Electric Vehicles
Hormuz closure and $4+ gas sharpen the case for EVs worldwide
Escalating military operations near the Strait of Hormuz have disrupted one of the world’s most critical oil chokepoints, pushing U.S. gasoline prices above $4 per gallon for the first time since 2022 and triggering the largest coordinated release of emergency petroleum reserves in years. The crisis, driven by Iranian threats to block Gulf oil exports […]
By
Rowan Calder
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