_WHAT’S HAPPENING_
Gas prices across the United States have surged above $4 per gallon following the war with Iran and repeated disruptions in the Strait of Hormuz, a key artery for global oil shipments. A tenuous two-week ceasefire has offered some relief in crude oil markets, but shipping traffic remains constrained, and energy infrastructure across the Middle East has sustained significant damage.
President Donald Trump has acknowledged that gas prices could remain elevated through the November midterms. Economists warn that even if peace talks succeed, supply chain disruptions and refinery bottlenecks could keep fuel costs high for months.
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