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Iran Keeps Hormuz Closed, US Gas Prices Jump to $4.01

8/11/2026

22 2 Full Breakdown

Center

Trump Low-keys Dispute

The Strait of Hormuz stayed closed to commercial oil tankers as the Iran-U.S. standoff continued.
President Donald Trump told Axios the United States is “low-keying” the dispute and will rely on economic pressure rather than new military strikes.
Iran’s Revolutionary Guards said the strait will stay shut until United States meets six demands.
The American Automobile Association reported the average U.S. gasoline price rose to $4.01 per gallon.

Left

Trump Seeks Compensation

Commercial oil tankers have been barred from transiting the Strait of Hormuz as the Iran-U.S. standoff continues.
U.S. gasoline prices have risen 34.6% above pre-war levels, underscoring the domestic cost of the oil market disruption.
Iran says the strait will stay shut until United States lifts sanctions and pays reparations.
President Donald Trump said administration will seek compensation for fifty years of alleged Iranian damages.

Blindspot

Blindspot

S&P 500 futures rose 0.1%, Dow futures fell 0.1% and Nasdaq futures rose 0.3% in pre-market trading, according to the Center-leaning sources.
Within this story's sources, this angle appears mainly in Center-leaning coverage and receives less attention in Left-leaning coverage.

1 of 3

Trump Low-keys Dispute

The Strait of Hormuz stayed closed to commercial oil tankers as the Iran-U.S. standoff continued.
President Donald Trump told Axios the United States is “low-keying” the dispute and will rely on economic pressure rather than new military strikes.
Iran’s Revolutionary Guards said the strait will stay shut until United States meets six demands.
The American Automobile Association reported the average U.S. gasoline price rose to $4.01 per gallon.

1 / 3