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Oil is globally priced so even if you have your own production in America, prices go up there as well. It benefits the producers a lot but leads to higher prices for the ~~slaves~~ consumers.
You will therefore have oil in America but Asia and China will have a huge crisis since 80% of the oil from Hormuz goes to those countries, and now its cut off by Americas blockades.
So higher prices in America, but it forces China, India, South Korea and Japan to try and buy oil from America.
So this war is about making those countries depend on Americas goodwill for resources. If they dont go along with what Trump is saying, no deal.
Not true.
Prices here in South America have not gone up.
The only reason prices would go up globally would be capitalism, if you trade it for profit.
Nobody should be allowed to profit from burning fossil fuels.
Which country? Consumer fuel prices have been subsidized to artificially suppress them in a number of places, Brazil for example. The profits are still being made but the rise in prices is being shifted onto the public via govt. debt so it gets paid through future taxes instead of showing up immediately at the pump.