The US Paid the Heaviest Bill in the Oil Shock Caused by the Strait of Hormuz

According to an analysis published by the Centre for Research on Energy and Clean Air (CREA), the oil shock originating from the Strait of Hormuz since the beginning of attacks against Iran at the end of February has brought an additional fuel cost of $468 billion to consumers worldwide.

The analysis stated that the US was affected by the crisis more than any other country, with $160 billion added to the country's fuel bill. While it was noted that this amount corresponds to one-third of the global cost, the US was followed by China with $54 billion and Canada with $17 billion.

The additional cost per capita in the US was calculated at $471, reaching approximately 8 times the global average of $60. The additional cost per capita was seen as $422 in Canada and $386 in Australia.

The analysis emphasized that the US was affected more by the crisis due to its high fuel consumption and slow progress in reducing dependence on oil. It was stated that drivers using gasoline-powered vehicles have spent an average of $440 more on fuel since March, while this increase was limited to $17 for electric vehicle users.