So unable to do anything militarily ayatulas decided to start the Hormuz blockade. But it backfired tremendously.
Now US blocks all their import and export. Iran is losing hundreds of millions per day.
While US as net exporter of oil and gas loses nothing.
Are you listening to Fox ?
Gasoline prices are set globally. No major economy subsidizes them. The only difference is in the US the oil companies are keeping the extra earning. US consumers are paying 35% more for gasoline.
And US exports sweet crude but imports oil from Mexico and Canada. More of its refineries use this importated crude. Both are charging market prices.
Diesel is up by 45% and so is fertilizer. All are heavily concentrated from the region.
Tomorrow's GDP slow down are going to reflect it.
There are no victors in this war. Everybody is losing.