
Oil Prices Continue to Rise Amid Hormuz Standstill and Iran Tensions, Squeezing US Consumers
On the eve of American-Iranian peace negotiations, oil prices remained slightly below $100 per barrel, with over 400 tankers stuck before the Strait of Hormuz. Lingering tensions over the war in Iran have led to a record jump in U.S. gasoline prices, squeezing consumers.
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A Record Jump in U.S. Gasoline Prices Is Squeezing Consumers
The cost at the pump made its biggest monthly percentage increase in decades amid lingering tensions over the war in Iran.
By Emmett Lindner
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