US Gas Prices Soar Past $4 Mark Amid Iran Conflict, Global Oil Supply Disruptions

• US gasoline prices exceed $4 per gallon for the first time in four years due to escalating conflict involving Iran.
• Iran's closure of the Strait of Hormuz, a critical chokepoint for global oil supply, is a major factor in the price surge.
• Prices have jumped by approximately $1.06 per gallon (36% increase) since the conflict began, mirroring 2022 spikes.
• The surge creates financial strain for American households and a political challenge for President Donald Trump ahead of midterm elections.
• While some analysts expect prices to ease, the trajectory depends on Middle East developments and potential further disruptions.