US-Iran Tensions Send Oil Prices Soaring
Oil prices surged on August 31, 2026, as renewed tensions between the United States and Iran sparked concerns about global supply. The price jump came after a US attack on Iran, which raised fears of potential disruptions to oil shipments.
KTVU's Tom Vacar spoke with drivers in the Bay Area who are feeling the pain at the pump. The exact figures of the price increase were not provided in the source.