Energy prices rise due to war in the Middle East
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There is much fighting in the Middle East. The USA and Iran are in a war. This affects the whole world. Oil and gas prices rise. One barrel of oil costs over 90 dollars. This is a high price. Oil is 30 percent more expensive since July. Gas also costs much more now. People feel this at the gas station. Fuel costs more in Austria. Prices rose by 18 cents in Germany. Experts are worried. Attacks on ships cause high prices. Ships carry oil through a narrow sea passage. This place is the Strait of Hormuz. Attacks happen there often. Few ships carry liquid gas now. The US military protects some ships. Iran attacks countries that help the USA. There is hope for peace. Maybe the USA and Iran talk soon. Then energy prices may go down again.
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Definitions
- Barrel
- A barrel is a measure for oil. It holds 159 liters.
People
- Donald Trump
- Donald Trump is a politician from the USA. He was the president.
Locations
- Strait of Hormuz
- The Strait of Hormuz is a narrow sea passage for oil ships.
Sources
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