U.S. Gas Prices Near Four-Year Highs Amid Iran Conflict Ahead of Memorial Day
Gasoline prices in the U.S. are approaching four-year highs as tensions with Iran over the Strait of Hormuz closure continue, raising concerns about potential price spikes to $5 per gallon this summer if the situation does not resolve.
Topics: gasoline prices oil market disruption Strait of Hormuz blockade U.S.-Iran tensions