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Rising Oil Prices from Iran Conflict Strain Houston Economy

3/11/2026

24 4 Full Breakdown

Summary

Story summary

Rising oil prices tied to the Iran conflict do not benefit Houston's economy.
Houston's gas price is $3.04, up 60 cents from last month because the Strait of Hormuz remains largely closed.
Economist Steven Craig warns the disruption may persist until the conflict resolves, with oil supply falling by 20%.
He advises families to build emergency funds for price fluctuations.

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Story summary

Rising oil prices tied to the Iran conflict do not benefit Houston's economy.
Houston's gas price is $3.04, up 60 cents from last month because the Strait of Hormuz remains largely closed.
Economist Steven Craig warns the disruption may persist until the conflict resolves, with oil supply falling by 20%.
He advises families to build emergency funds for price fluctuations.