News · 26 July 2026
Is the Iran war hitting drivers at the pump?
Unsplash / Mehluli Hikwa
American drivers are paying significantly more, with some reports indicating increases of 30-40% since the war began in late February, and prices have risen by 11 cents in the past week. Pump prices peaked at $4.56 a gallon in early May, then eased after June's ceasefire. The Strait of Hormuz carried 20 million barrels of oil daily before the fighting, and traffic has not recovered.
Reported by CNN · How we write briefs