Trump's unprovoked war against Iran has backfired spectacularly, spiking US gas prices, triggering recession forecasts, and with $39 trillion debt hanging like a sword of Damocles, America now accelerates toward full economic collapse.

The US is releasing 53.3 million barrels of crude oil from its Strategic Petroleum Reserve in an attempt to stabilize global markets affected by Iran war.

The Strait of Hormuz is a critical chokepoint for global energy markets, and any significant disruption or closure would have major economic and geopolitical consequences, says a UK-based economist.

Despite claims that US shale oil can rapidly offset a Strait of Hormuz disruption, technical, economic, and logistical constraints render it incapable of compensating for such a large-scale, immediate supply shock.

Gas prices in the US have increased once more, as President Donald Trump threatens to continue the war of aggression against Iran.

Low-cost US carrier Spirit Airlines starts “wind-down” and cancels all flights over fuel crisis and collapse of rescue talks.

New data has revealed that the US is currently facing a significant spike in gasoline prices, with the average cost reaching its highest point in nearly four years.