29.04.2026 12:55
Gas prices in the US have risen to $4.18 per gallon, the highest level since 2022. The increase was driven by the ongoing conflict between the US and Iran and the deadlock in negotiations over the reopening of the Strait of Hormuz. Experts say that with global oil supply at risk, concerns about an energy crisis are growing, and prices could rise further.
Fuel prices in the US have surged sharply. Gasoline prices reached an average of $4.18 per gallon, the highest level since the start of the Russia-Ukraine war in 2022.
Behind the price increase lies the ongoing deadlock in the two-month conflict between the US and Iran. According to reports from the Wall Street Journal and the Associated Press, the disagreement between Washington and Tehran over the reopening of the Strait of Hormuz continues.
ENERGY CRISIS CONCERNS GROW
The uncertainty in the Strait of Hormuz, which is critical for global oil transportation, has heightened long-term energy crisis concerns in the markets. Experts warn that any disruption in supply could push prices even higher.
MARKETS ON ALERT
The volatility in energy markets is increasing price pressure not only in the US but globally, while consumers are beginning to face high fuel costs.