Gas prices could hit new high if Strait of Hormuz closure continues
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Gas prices could hit record highs if Strait of Hormuz remains closed.
How This Affects You
You could pay record-high gas prices as long as the shipping route closure continues.
AI Summary
Gas prices could reach record levels if the ongoing closure of the Strait of Hormuz continues. The closure, occurring during the Iran war, has caused oil and gas prices to spike while leaving thousands of crew members stranded on ships.
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Trump news at a glance: call for allied protection of strait of Hormuz in doubt as allies appear sceptical
This article is part of a story we're tracking:
Iran & Middle East Conflict
Tracking the evolving military and diplomatic situation across the Middle East, including US-Iran tensions, Israeli operations, proxy conflicts, and the broader geopolitical implications for the region.
Economy & Markets
Monitoring the US and global economy including inflation, employment, Federal Reserve policy, trade tensions, market volatility, housing affordability, and the financial pressures facing American households.
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Global‘I don’t give a shit about Iran. I don’t want to pay higher gas’: Motor City motorists feel pinch as gas prices surge
<p>Drivers in Detroit are unhappy with the spike in gas prices, even if reactions are mixed to the US-Israel war on Iran</p><p>On a rainy <a href="https://www.theguardian.com/us-news/detroit">Detroit</a> afternoon at a gas station off Interstate 75, Victor Rodriguez watched the pump tally tick up as he filled up his F-250 diesel pickup truck for $4.19 per gallon. It totaled $110. “Ridiculous,” he said.</p><p>The <a href="https://www.theguardian.com/world/us-israel-war-on-iran">US-Israel war on Iran</a> has <a href="https://www.theguardian.com/business/2026/mar/12/middle-east-war-creating-largest-supply-disruption-in-the-history-of-oil-markets">crippled major portions</a> of the oil supply chain, sending gas prices soaring as the conflict enters its third week. Rodriguez said he supports “getting rid of this thug”, referring to Iran’s <a href="https://www.theguardian.com/world/2026/mar/08/death-of-khamenei-seen-as-irans-berlin-wall-moment">Ayatollah Ali Khamenei</a>, who was killed b...
Politics48% of Americans blame Trump for high gas prices — more than any other factor
<p>Americans are growing increasingly concerned with <a href="https://www.axios.com/2026/03/06/oil-gasoline-prices-trump-hormuz-russia" target="_blank">rising gas prices</a>, and about half are blaming President Trump, per flash polling conducted Wednesday night by Morning Consult and shared with Axios.</p><p><strong>Why it matters: </strong>The spike in oil prices caused by the war is fast becoming a political liability for the White House — and threatening economic growth in the U.S.</p><hr><p><strong>By the numbers:</strong> 74% of Americans say gas prices have increased this year, per the survey.</p><ul><li>That's up 30 points from six weeks ago, the last time the polling firm surveyed on this question. </li><li>Morning Consult surveyed 1,002 U.S. adults online, and weighted the data to reflect demographics. There's a margin of error of ±3 percentage points.</li></ul><p><strong>Friction point: </strong>When asked who is most responsible for current gas prices, 48% said the presi...
GlobalWar with Iran delivers high oil prices and another shock to the global economy
Much of the pain is being caused by an effective closure of the Strait of Hormuz, which carries a fifth of the world's oil.
PoliticsTrump a lot more concern about how war and oil prices will affect midterms
Since the war has started, fourteen ships have been hit in the Strait of Hormuz, as Iran vows to carry out an 'oil blockade'. Although oil prices have gone down after sharply increasing, concern remains. French President Emmanuel Macron is calling on G7 leaders to work together to reestablish 'freedom of navigation' in the region as soon as possible. FRANCE 24's Philip Turle looks at the politics of this crisis, and the US strategy.
PoliticsTrump dismisses soaring gas prices as 'a little glitch' of Iran war
President Trump is dismissing skyrocketing gas prices as Americans start to feel the economic ripple effects of his war with Iran.
FinanceKey inflation gauge worsened in January, before Iran war lifted gas prices - AP News
<a href="https://news.google.com/rss/articles/CBMikwFBVV95cUxOSHY4OUo1LWRwWEh2VUtGZE5vX1EwQV9hdGwzMWE3RWlmdHo2cVU2Ml9xM1VlbGs0WW16NHd2ZU9FdW9aWjVZZEFkRmQ2bm5vS3VsWkY5T1pxWEltbzFsVVJaS185c2wtUzg2ekZMb2JvazhYQXRacnFUUHhYOUpJVE5BMGN5M0hEVENLX3B5VFd3QUk?oc=5" target="_blank">Key inflation gauge worsened in January, before Iran war lifted gas prices</a> <font color="#6f6f6f">AP News</font>
US and Iran Keep Up Strikes as Trump Mulls Possibility of a Deal - Bloomberg.com
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