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U.S.-Iran tensions raise risk that gasoline price relief fades

MarketWatch says any renewed disruption in the Strait of Hormuz could lift oil prices and undermine recent progress toward slower inflation at the pump.

Reported · Written up by our desk · Energy

Americans have seen some relief at the gas pump in recent weeks, which MarketWatch says has helped cool inflation pressures.

That price break may not last if tensions between the United States and Iran intensify, according to MarketWatch.

The outlet points to the Strait of Hormuz as a key flashpoint, noting that competition for control of the waterway could affect oil supply expectations and push gasoline costs higher.

Latest closeGasoline (RBOB) $2.974 ▼0.4%

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