Camilla Dominovsky
๐ค SpeakerAppearances Over Time
Podcast Appearances
Ed Crooks with research firm Wood McKenzie says oil traders are jumping at the slightest hint about when the war will end.
Meanwhile, the Strait of Hormuz remains effectively closed for business.
Only two vessels passed through on Sunday, according to the shipping intelligence company Kepler, down from more than 100 a day pre-war.
Camilla Dominovsky, NPR News.
Since the start of this month, the war in Iran has pushed gasoline prices up sharply.
And on the auto site Edmonds, the share of shoppers considering electric vehicles grew about 15% to its highest level all year.
Now, searching for a vehicle is not the same as buying one.
There are lots of factors in a purchase.
Ivan Drury is the director of insights at Edmonds.
But analysts say if prices remain high, it can push shoppers to put a higher value on fuel savings as they choose vehicles.
Camila Dominovsky, NPR News.
Since the start of this month, the war in Iran has pushed gasoline prices up sharply.
And on the auto site Edmonds, the share of shoppers considering electric vehicles grew about 15% to its highest level all year.
Now, searching for a vehicle is not the same as buying one.
There are lots of factors in a purchase.
Ivan Drury is the director of insights at Edmonds.
But analysts say if prices remain high, it can push shoppers to put a higher value on fuel savings as they choose vehicles.
Camilla Dominovsky, NPR News.
About 20 million barrels per day typically passes through the Strait of Hormuz.
Right now, maybe 5 million is making it around the Strait, like through pipelines.