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Economyabout 9 hours ago· 1 min read

Gas Prices Surge to Wartime High as Iran Conflict Impacts Energy Markets

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The national average gas price rose to $4.39 on Friday, reaching a wartime high and jumping more than 30 cents in a week. The spike is directly tied to the ongoing Iran conflict, which has disrupted global oil supplies and created political pressure on the Trump administration ahead of midterm elections.

Record Prices at the Pump

The national average gas price rose to a wartime high of $4.39 on Friday, up more than 30 cents from a week ago.

Political Pressure Building

Gas prices are surging, voter backlash is building, and inside the White House, the options to lower prices at the pump are dwindling.

Broader Economic Concerns

Trump is under domestic pressure to break Iran's hold on the strait, which has choked off 20% of the world's oil and gas supplies and pushed up U.S. gasoline prices. Trump's Republican Party faces the risk of a voter backlash over higher prices when the country votes in midterm congressional elections in November.

#Trump administration#Iran conflict#US economy

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