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Gas prices could jump as Middle East tensions threaten global oil supply

Mar 2, 2026Right

Gas prices could rise 25-50 cents per gallon as Middle East tensions threaten global oil supplies after strikes on Iran killed Supreme Leader Khamenei.

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4 related stories from other outlets

The Washington Times stories: Politics

Mar 2, 2026

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Prolonged Middle East fight threatens Trump's lower gas prices

President Trump has bragged about reducing the cost of a gallon of gas, but the war that the U.S. is waging in Iran is about to cause gasoline prices to rise.

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Middle East crisis pushes up oil prices – and could drive inflation rises too

The Guardian

Mar 2, 2026

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Middle East crisis pushes up oil prices – and could drive inflation rises too

Effects of extended conflict between US and Iran could also lead to higher interest rates and hit economic growthBusiness live – latest updatesUS-Israel war on Iran – live updatesThe impact of the deadly and unpredictable conflict in the Middle East on the global economy will be felt most immediately, and keenly, through the rising cost of oil.Prices…

Center Left

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Oil, gasoline prices jump amid Iran strikes, with future uncertain

The Hill

Mar 2, 2026

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Oil, gasoline prices jump amid Iran strikes, with future uncertain

The U.S.-Israel strikes on Iran have surged oil prices, and costs for consumers at the pump are expected to rise. The price of global benchmark Brent Crude oil was at about $77 per barrel as of Monday afternoon, up from about $71 a week ago and about $66 per barrel a month ago. U.S. gasoline…

Center

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Oil and gas prices soar after Iran strikes

Washington Examiner

Mar 2, 2026

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Oil and gas prices soar after Iran strikes

Oil and gas prices soared on Monday after the United States and Israel carried out strikes on Iran over the weekend that killed Iran’s supreme leader and other top officials. The strikes prompted the Islamic Revolutionary Guard Corps to effectively close the Strait of Hormuz to maritime vessels, shutting down a key global route for…

Right

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