The Markets Ledger

US gas price back $4

The average price US drivers pay for a gallon of gas has hit $4, as fighting between the United States and Iran intensified, further disrupting oil flows through the Strait of Hormuz.

Trump’s Iran strike comments shake markets, Brent crude hits two-week high

Global markets fell, and oil prices surged after United States President Donald Trump lashed out against Iran, saying that the memorandum of understanding signed with Iran to end the conflict was “over” and warning that the US would likely carry out additional strikes on Wednesday night following attacks the previous day.