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At close · Thu, Jul 16, 2026
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HomeCommoditiesEnergyU.S. average gas price rises to about $4 a gallon as I…

U.S. average gas price rises to about $4 a gallon as Iran crisis worsens

The increase follows a prior dip after a U.S.-Iran deal aimed at reopening the Strait of Hormuz, which has not held.

Gas prices in the United States are climbing again to roughly $4 per gallon as tensions tied to Iran escalate, according to NYT Business.

The outlet notes that about a month earlier drivers saw relief at the pump after the United States and Iran signed a deal intended to reopen the Strait of Hormuz.

NYT Business reports the renewed rise reflects that the market impact from the Iran crisis is returning, reversing the earlier drop in prices.

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