US Fuel Prices Hit Record High Amid Hormuz Tensions

According to the International Desk of Webangah News Agency, gasoline prices in the United States have set a new record, attributed to developments stemming from heightened tensions in the Strait of Hormuz, as reported by Al Jazeera, citing Mehr News Agency.

The American Automobile Association announced that the price for a gallon of gasoline has climbed to a record high of $6.39.

This new record comes as the Wall Street Journal, referencing calculations from Brown University, reported that oil price surges exceeding $100 per barrel are pushing the United States towards another unwelcome milestone: the conflict with Iran is costing Americans a staggering figure in the double-digit billions.

Brown University estimates suggest that American consumers have spent approximately $107 billion more on gasoline and diesel fuel than they would have otherwise, due to the U.S. involvement in Iran and disruptions arising from the Russia-Ukraine conflict. This figure averages over $500 million daily since the incursion into Iran on February 28, 2026. The recent spike in crude oil prices indicates that this cost will continue to escalate in the coming weeks.