Oil, Gas Prices Skyrocket

West Texas Intermediate (WTI) crude oil prices have jumped over 20 percent compared to a month ago after Iran blocked the Strait of Hormuz following US and Israeli strikes, while European natural gas futures have roughly doubled from February levels.

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Chart: RFE/RL GraphicsSource: OilPrice.com, TradingEconomics. Gas futures prices converted from euros to US dollars at a rate of 1.1818.