🚨 Major shifts are happening in the oil market as Iran closes the Strait of Hormuz, vowing to respond to what they consider errant ships. With tensions escalating and the U.S. involved, experts warn that this could lead to significant price increases in oil and gas. As consumers, it's essential to stay informed about how geopolitical events can affect our finances, especially with rising fuel prices. Consider reviewing your budget or even exploring alternative transportation options to mitigate the impact of these fluctuations. Remember, staying proactive can help you navigate these turbulent times. What steps are you taking to prepare for potential price hikes? Read more about the unfolding situation here: https://www.thisdaylive.com/2026/03/03/oil-market-impacted-as-iran-closes-strait-of-hormuz-vows-to-attack-errant-ships/ #OilMarket #Geopolitics #FuelPrices #Iran #StraitOfHormuz