For the United States, and specifically for the Trump administration right now, it is vitally important to bring down oil prices on the global market, because that would lower fuel prices on the domestic US market and reduce political pressure on the Trump's team."The fracturing of the group is being seen as a win for United States President Donald Trump.Trump has previously accused OPEC of "ripping off the world" by artificially inflating prices through constraints on production."I believe that the collapse of OPEC would be beneficial for the Trump administration, because it would lead to an immediate drop in prices on the global market And, of course, lower prices would also be beneficial for oil‑importing countries - European countries and China."Mr Leon agrees that the US could be a key beneficiary, but he says with the Strait of Hormuz closed, major OPEC countries have limited capacity to ramp up production.Before the war in Iran, around one fifth of global oil supply was shipped through the Strait, and its effective closure has caused an oil shock the International Energy Agency has described as the worst in history.As Australia's headline inflation rate surges to 4.6 per cent on the back of rising fuel prices, the fragmentation of OPEC adds to global uncertainty.Two weeks out from the federal budget, Treasurer Jim Chalmers concedes it's having an impact at home."And we've also seen global oil prices spike again in recent days, more than 111 dollars a barrel the last time I looked today, and that will obviously impact prices at the bowser going forward, as well