The United States is facing growing pressure to control rising oil prices as the conflict with Iran continues to disrupt global energy markets.

One of the biggest concerns is the Strait of Hormuz, a critical shipping corridor where around 20% of the world’s crude oil supply normally passes. Since the conflict between the U.S.–Israel alliance and Iran erupted on February 28, shipping traffic through the strait has been heavily disrupted, raising fears of a major supply shock.

📊 Market impact so far:

• Global crude oil prices have jumped more than 30% since the conflict began
• U.S. West Texas Intermediate recently traded around $82.9 per barrel
• Brent crude has been hovering near $87.4 per barrel

Despite a slight drop in prices after U.S. President Donald Trump said the war was “almost over,” American consumers are still feeling the pressure at the pump.

⛽ Gasoline prices in the United States have risen about 17%, now averaging more than $3.50 per gallon, the highest level recorded since 2024.

Officials in Washington are considering several emergency measures to stabilize the market. These include releasing oil from the Strategic Petroleum Reserve and potentially reducing fuel taxes to ease pressure on consumers.

However, energy analysts warn that replacing disrupted Middle Eastern oil supplies would be extremely difficult if the conflict continues to affect shipping routes and regional production.

🌍 The crisis highlights how geopolitical tensions in the Middle East can quickly ripple through global energy markets, transportation costs, and the broader world economy.

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