Published: Mar 07, 2026, 15:30 IST | Updated: Mar 07, 2026, 15:30 IST
U.S. retail gasoline and diesel prices are soaring as the U.S.-Israel war with Iran constrains oil and fuel exports, which could be a political test for President Donald Trump's Republican Party ahead of midterm elections in November.
Fuel prices jumped more than 10% this week as oil rose above $90 a barrel, its highest in years, adding pain at the pump for consumers already strained by inflation. Trump on Thursday shrugged off higher gasoline prices in an interview with Reuters, opens new tab, saying "if they rise, they rise."