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How the War with Iran Could Change Your Gas Prices Right Now — and For Summer

Global oil prices have spiked as President Donald Trump, along with Israel, launched an air offensive against the country of Iran. Per NBC, attacking the oil-rich Iran has caused U.S. crude oil prices to increase by 6.5%, while international numbers surged by 8%. That’s after oil prices had already risen by a dizzying 17% in recent months. What This Means for Gas Prices Right Now Oil prices are surging due to overall fears that fuel supply lines will be disrupted (most especially around the nearby Strait of Hormuz, which borders Iran, Oman and the United Arab Emirates, and accounts for…

By Travis Woods
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