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If the Strait of Hormuz is open, why are gas and diesel so expensive?

Posted on October 9, 2026
By CNN
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1 min read

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If the Strait of Hormuz is open, why are gas and diesel so expensive?

The Strait of Hormuz is no longer paralyzed and yet fuel prices remain painfully high. It’s a vexing problem with profound financial, political and economic consequences.