Trump Faces Gas Price Surge to $3.96 as Iran Strait Crisis Disrupts Oil
U.S. gas prices have climbed to nearly $4 per gallon as the Iran conflict disrupts global oil supply, raising immediate pressure on household budgets.
The spike follows escalating tensions tied to the Strait of Hormuz, where shipping restrictions have tightened access to one of the world’s most critical energy routes.
According to Reuters, the national average reached about $3.96 per gallon after weeks of steady increases, with prices rising sharply since late February as crude oil surged past $100 per barrel.
That increase is tied directly to Iran’s actions in the strait, which handles roughly 20% of global oil shipments, according to ABC News, creating ripple effects across global fuel markets.
“This is a major supply shock,” one economist told ABC News, warning prices could continue climbing if disruptions persist.
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The impact is already spreading across the U.S., with a Reuters/Ipsos poll showing more than half of Americans say higher gas prices are straining their finances, and most expect costs to keep rising.
The Trump administration has attempted to stabilize markets by releasing oil from the Strategic Petroleum Reserve and temporarily easing shipping restrictions, but analysts say those moves may only provide short-term relief.
For now, prices remain tied to developments overseas, with any escalation or prolonged closure of the Strait of Hormuz likely to push costs even higher in the weeks ahead.
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