Published: Apr 03, 2026, 10:15 IST | Updated: Apr 03, 2026, 10:15 IST
Gasoline prices in the United States have surged past $4 per gallon for the first time since 2022 as the ongoing US-Iran war disrupts global oil supplies and fuels market uncertainty. The spike follows tensions around the Strait of Hormuz, a vital route for nearly one-fifth of the world’s oil shipments. Analysts warn that continued instability in West Asia could push fuel costs even higher, adding pressure on households, transport sectors, and global inflation trends.