Iran War Pushes Gas Prices Up Amid Ongoing Tensions

The ongoing war in Iran has pushed up global oil and gas prices as disruptions to the supply chain persist.

As of August 26, the average price of a gallon of regular gas was $4.10, compared to $3.19 at this time last year.

In contrast to President Trump's initial prediction that the war would last four to five weeks, it has now been six months since he announced the military operation against Iran in coordination with Israel.

The Strait of Hormuz, a critical waterway for oil shipments, remains a major point of tension throughout the war.