U.S.-Iran Tensions Threaten Return of $4 Gas

Americans have enjoyed lower gas prices in recent weeks, helping to slow inflation. That relief may be short-lived. Rising tensions between the U.S. and Iran over the Strait of Hormuz could push prices back up. The Strait of Hormuz is a narrow waterway in the Persian Gulf. About 20% of the world's oil passes through it. If conflict disrupts that flow, global oil prices will rise, and U.S. drivers will feel it at the pump. Analysts warn that $4 per gallon could return soon.