Gas prices surge 46% despite Strait of Hormuz reopening
Part of composite article Oil Prices Climb as Trump Rules Out Iran Strike Before Midterms, Easing Supply Fears View full article →
Gas prices remain above $4.30 per gallon, a 46% increase from pre-war levels.
The rise continues even as traffic improves in the Strait of Hormuz, a key waterway for global oil shipments.