The illegal American-Israeli war of aggression against Iran pushes up fuel prices faster in the United States than in any other member state of the Group of Seven (G7).

Senior executives from ExxonMobil and Chevron have openly defied the ongoing pressure from the White House to increase oil production despite soaring prices and political pressure. 

Oil prices have increased after Iranian officials emphasized that the Strait of Hormuz will not return to its previous state for the US and its allies.

The UAE blames Donald Trump for Iran war economic fallout and has warned it may turn to yuan if dollars run short, according to a report.

Global oil prices climb markedly after renewed tensions in the Strait of Hormuz and the uncertainty of the prospects of further Iran-US negotiations.

The collapse of the Islamabad talks due to US overreach has led to escalating global economic turmoil, with rising energy prices, inflation, and weakening dollar dominance, exposing fractures in US alliances.

The Iranian foreign minister says the Strait of Hormuz is closed to those vessels involved in the anti-Iran war to prevent the abuse of aggressors from the strategic waterway.