Trump Warns of Supply Shock as Gas Hits $3.96 Amid Iran Strait Blockade

Gas prices across the U.S. are nearing $4 per gallon as the Iran conflict disrupts global oil supply, but relief remains uncertain.

The surge follows weeks of escalation tied to the Strait of Hormuz, a critical shipping route for about 20% of the world’s oil. According to Reuters, prices have climbed nearly a dollar since late February, with the national average now around $3.96 per gallon.

The tension stems from Iran restricting access to the strait after U.S. and Israeli strikes, tightening supply and pushing crude prices above $100 at points. Analysts told ABC News that any prolonged disruption could trigger a “major supply shock” with further increases likely.

At home, Americans are already feeling it. A Reuters/Ipsos poll found 55% say gas prices are hurting their finances, and most expect more increases ahead.

The Trump administration has responded with emergency measures, including releasing oil reserves and loosening shipping rules, but markets remain volatile as the conflict continues.

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