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Iranian Strait Closure Pushes U.S. Gas Prices Above $4.40

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Story summary
  • U.S. President Donald Trump said rising gas prices are a small price to pay for the war in Iran.
  • The Iranian regime closed the Strait of Hormuz, a route for about one-fifth of global oil supplies.
  • Fighting between Iranian-backed Houthis and Saudi Arabia contributed to the U.S. fuel price spike.
  • AAA reported average U.S. gasoline price just over $4.40 per gallon and diesel at $6.40 per gallon on Thursday.