Gas prices hold steady, oil prices jump
AAA says regular gas is holding steady around $4.13 a gallon in the U.S.
The standoff between the United States and Iran deepened Tuesday as the U.S. declared it had blockaded Iran’s ports, Tehran threatened to strike targets across the region, and Pakistan said it was racing to bring the sides together for more talks.
AAA says regular gas is holding steady around $4.13 a gallon in the U.S.
Oil prices are back above $100 per barrel on Monday after 21 hours of ceasefire talks between the United States and Iran failed to end their war.
The U.S. military vowed to blockade all Iranian ports starting Monday, part of efforts to force Tehran into agreeing to open the crucial Strait of Hormuz and accepting a peace deal.
With the ceasefire in Iran still shaky, U.S. Vice President JD Vance headed Friday to Pakistan for high-level talks with Iranian officials, as Israel and Hezbollah militants traded fire and Tehran maintained its stranglehold on the Strait of Hormuz.
Vice President JD Vance on Friday warned Iran not to “play” the U.S. as he headed overseas for negotiations aimed at ending their war.
President Donald Trump’s threats to wipe out Iran, “a whole civilization,” ended the restraint that Democrats have mostly practiced when it comes to questions of removing him from office in his second term.
AAA says regular gas is averaging $4.16 a gallon.
The U.S. demanded Wednesday that Iran reopen the Strait of Hormuz after the Islamic Republic closed the waterway in response to Israeli attacks against the Hezbollah militant group in Lebanon.
Israeli strikes hit several dense commercial and residential areas in central Beirut without warning Wednesday afternoon, hours after a ceasefire was announced in the U.S.-Israeli war with Iran.