Brace for $4 gas again: How U.S.-Iran tensions are threatening to end the price break at the pump

AI Summary

Rising tensions between the U.S. and Iran are threatening to reverse recent relief at the gas pump, potentially pushing gas prices back toward $4 per gallon. The dispute centers on control over the Strait of Hormuz, a critical oil shipping route impacting global fuel prices.

Americans got some relief at the gas pump in recent weeks, enough to slow down inflation. That might not last long as the U.S. and Iran continue to vie for control of the Strait of Hormuz.