Camilla Dominovsky

But as American drivers have experienced these past few weeks, that does not insulate the U.S.

from global price shocks.

U.S.

oil prices are currently nearly double what they were in December.

Camilla Dominovsky, NPR News.

Since the war in Iran began, markets have been hoping for a quick resolution.

One month in, President Trump did not give a clear exit path out of the conflict in a primetime address.

The president emphasized that the U.S.

does not need oil imported through the Hormuz Strait.

And it's true that these days the U.S.

imports almost no oil from the region.

But as American drivers have experienced these past few weeks, that does not insulate the U.S.

from global price shocks.

U.S.

oil prices are currently nearly double what they were in December.

Camila Dominovsky, NPR News.

How long traffic through the Strait of Hormuz remains disrupted is a crucial question for oil markets.

That's per barrel.

Camilla Dominovsky, NPR News.

Last year, gasoline prices were remarkably stable, a straight line more or less.