NEWS IN BRIEF: MARCH 12TH

GAS PRICES ON THE RISE Analysts saw it coming: the impact of the war in Iran is being felt at the pump across the country. In Florida, prices rose 20 cents between March 2 and March 3, reaching $3.63 per gallon on March 10. However, the United States does not import Iranian oil. On the other hand, Iran has closed access to the Strait of Hormuz, which is used by more than 3,000 ships per month. This narrow maritime passage carries 20% of the world’s oil flows, and its interruption immediately led to a surge in prices. On March 10, a barrel of crude oil was trading at around $90, 35% higher than before the conflict began. NEW STADIUM FOR INTER MIAMI Inter Miami’s new stadium has a...