US-Iran Tensions Send Fuel Prices Soaring

Escalating tensions between the US and Iran have driven up fuel prices in the country. The conflict, which began over six months ago, reached a boiling point last weekend with retaliatory attacks from both sides. On Sunday, Iran claimed to have targeted an unmanned US vessel attempting to enter the Strait of Hormuz.

The US responded by striking three Iranian oil tankers on Saturday, citing a missile attack on US Navy ships as justification. Adm. Brad Cooper, head of US Central Command, warned that if Iran continued to target American vessels, they would suffer even greater economic costs.

According to AAA, the average price for a gallon of regular gas has risen 39% since the start of the war in late February, reaching $4.15 per gallon. Diesel prices have also surged, hitting a record high of $5.90 per gallon on Sunday.