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U.S.-Israel Conflict Drives Gas Prices to $3.98 Amid Energy Crisis

3/28/2026

Center

Trump Seeks Peace

The ongoing U.S.-Israel war against Iran disrupted global energy markets due to the closure of the Strait of Hormuz.
U.S. gas prices rose to an average of $3.98 per gallon, with diesel costs affecting transportation and food prices.
Experts warn the conflict could trigger a prolonged energy crisis, with inflation rising.
U.S. President Donald Trump is pushing for a peace deal, claiming Iran is eager to negotiate.

Right

Postal Service Surcharge

The U.S. Postal Service plans an 8% fuel surcharge on packages starting April 26, 2026, pending approval, to offset higher transportation costs from rising fuel prices.
Oil prices have surged nearly 40%, approaching $120 per barrel, fueling concerns about a global recession.
BlackRock's CEO warned that prolonged high oil prices could have severe economic implications.
The Gulf Cooperation Council states face ongoing uncertainty as tensions with Iran escalate.

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Trump Seeks Peace

The ongoing U.S.-Israel war against Iran disrupted global energy markets due to the closure of the Strait of Hormuz.
U.S. gas prices rose to an average of $3.98 per gallon, with diesel costs affecting transportation and food prices.
Experts warn the conflict could trigger a prolonged energy crisis, with inflation rising.
U.S. President Donald Trump is pushing for a peace deal, claiming Iran is eager to negotiate.

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