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US gas prices soar as Iran standoff fuels oil market fears

02:43

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May 2, 2026

Rising US gas prices reflect deepening tensions with Iran, legal disputes in Washington and ongoing risks to oil flows through the Strait of Hormuz.

Fuel prices in the United States have climbed to their highest level in years, with motorists paying up to $6 a gallon. The surge is driven by geopolitical tensions between Washington and Tehran, not normal market forces.

As the Trump administration hits a legal deadline to justify US involvement in the Iran war, lawmakers are challenging the White House's ceasefire claim.

Meanwhile, Iran has projected defiance and tightened its grip on the Strait of Hormuz, keeping global oil prices high.

Irfan Aftab Journalist based in Berlin at DW News English & Urdu covering global affairs, society & culture.
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