Oil

Americans weigh in on the Iran war, gas prices, their fears

Reuters spoke with 16 people across Indiana, New York, California, Georgia, and Colorado to understand how they are processing the war amid rapid news cycles and a fractured political landscape.

People wave Iranian flags and signs condemning the war on Iran as they march past the Eisenhower Executive Building during a protest in Washington, DC, on February 28, 2026.
 A map showing the Strait of Hormuz and Iran is seen in this illustration taken June 22, 2025.

US says Iran lost track of mine locations spread in Strait of Hormuz, complicating reopening - NYT

Cargo ships in the Gulf, near the Strait of Hormuz, as seen from northern Ras al-Khaimah, near the border with Oman’s Musandam governance, amid the US-Israeli conflict with Iran, in United Arab Emirates, March 11, 2026.

Iran-linked ships drive traffic through Strait of Hormuz, ship tracking data shows

An illustration of rising prices following US-Iran conflict.

US consumer inflation expected to have surged in March amid Iran war


Israel’s strikes expose the vulnerability of Iran’s energy lifeline

The images emerging from Tehran this week depict what witnesses are calling a “hellscape” - an inferno stretching across the horizon as Israel reportedly targets fuel sites in Iran.

Smoke rises following an explosion, amid the U.S.-Israeli conflict with Iran, in Tehran, Iran, March 7, 2026.

Iran war tests India’s balancing act between the US, Israel, and Tehran - analysis

New Delhi seeks to balance ties with Washington, Jerusalem, and Tehran while protecting trade routes, energy supplies, and 9 million citizens working across the Gulf.

The flags of Israel and India flutter as Narendra Modi makes a state visit to Israel, outside of the Knesset, in Jerusalem, February 25, 2026

Iran's threat to burn ships is choking off Persian Gulf oil flow to world - explainer

Shipping companies are already heeding Iran's warning, and the price of a gallon of gas is rising, most notably in California.

 US military forces boarded the crude oil tanker Aquila II in the Indian Ocean after pursuing it from the Caribbean. The vessel was accused of breaching Washington's blockade on sanctioned vessels traveling to or from Venezuela. February 9, 2026.

US offers $20b. reinsurance plan to spur Gulf oil flow amid Operation Epic Fury, Iranian attacks

The Trump administration is deploying a $20 billion maritime reinsurance program through the DFC to restore Hormuz shipping. Move targets soaring energy prices as Iran war halts Gulf commerce.

Oil tankers pass through the Strait of Hormuz, December 21, 2018.

Israel Air Force strikes Iranian oil facilities, military source says

Earlier, Iranian state media had reported that the Islamic Revolutionary Guards Corps said it had targeted the Haifa oil refinery in response.

Smoke rises following an explosion, amid the U.S.-Israeli conflict with Iran, in Tehran, Iran, March 7, 2026.

Traders warn $100-a-barrel oil is imminent if Iran war keeps raging

While oil and gas prices have surged this week, as ship traffic through the Strait of Hormuz has all but halted, they remain far below the highs seen just after Russia invaded Ukraine.

A sign shows gasoline prices that are significantly higher than the day before, when Super E10 was still below EUR 1.80, at a petrol station on March 02, 2026 in Berlin, Germany.

IRGC claims to have struck oil tanker in Strait of Hormuz, UKMTO issues warning in area

The IRGC claimed to have struck a Marshall Islands-flagged tanker in the Strait of Hormuz, according to a report by Iranian media.

Oil tankers pass through the Strait of Hormuz, December 21, 2018.

Trump on rising gas prices during Iran operation: 'If they rise, they rise'

Trump prioritizes the Iran military campaign, dismissing concerns over rising gas prices, as White House officials scramble for solutions to combat rising energy costs.

High gas prices are displayed at a downtown Chevron station on March 3, 2026 in Los Angeles, California.

Saudi Arabia intercepts Iranian ballistic missiles, drones, Bahrain suffers damage from Iran strike

Iran continues to launch attacks on Gulf countries, including Qatar's Al Udeid Air Base, amid operations Epic Fury and Roaring Lion, causing damage in Bahrain's capital, Manama.

A Patriot missile battery is seen near Prince Sultan air base at al-Kharj on February 20, 2020; illustrative.

Trump urges Iranian diplomats to seek asylum, vows total defeat of regime

Defense Secretary Pete Hegseth and CENTCOM chief Admiral Brad Cooper also gave a press conference at CENTCOM HQ, Florida, addressing the ongoing operation against Iran.

Inter Miami CF captain Lionel Messi gestures on the day US President Donald Trump honors reigning Major League Soccer (MLS) champion Inter Miami CF players and team officials with an event in the East Room of the White House in Washington, March 5, 2026.