It began with gasoline and could spread to other things... Iran’s war is burning a hole in Americans’ pockets.

Al-Jazeera reports that global oil prices rose to more than $117 per barrel of Brent on Monday.

“With oil prices in global markets rising to more than $117 per barrel of Brent on Monday, the effects of the U”

Al-Jazeera Net

It says U.S. retail gasoline climbed to $3.41 per gallon, an increase approaching 14% from the previous week.

Al-Jazeera Net

The article states that, following U.S.-Israeli strikes, Iran effectively stopped traffic through the Strait of Hormuz, which carries about 20% of the world’s oil and natural gas.

That disruption quickly appeared in U.S. fuel prices.

President Donald Trump announced that the United States would provide insurance guarantees and naval escorts for tankers through the strait, but Al-Jazeera says that did not lead to lower prices.

GasBuddy data cited in the article shows at least 10 U.S. states have seen pump-price increases of at least 50 cents since the start of the war, with increases exceeding 60 cents in Indiana and Ohio.

Trump, who the article says boasted about low gas prices before the conflict, told Reuters after the fighting began that he "is not worried about it" and added, "Prices will fall very quickly when this ends, but what we are doing is much more important than gas prices going up a little."

Al-Jazeera Net

Al Jazeera records strong public concern: Uber driver Karem Abdel Jalil said rising car fuel prices depress demand for ride services and raise food costs, and he told the outlet he will vote in the upcoming congressional elections to "stop President Trump's recklessness."

The article notes that the United States currently produces 13.6 million barrels of crude oil per day, according to the U.S. Energy Information Administration.

“With oil prices in global markets rising to more than $117 per barrel of Brent on Monday, the effects of the U”

Al-Jazeera Net

It says high domestic output does not insulate American consumers from global shocks.

Washington resident Julia Fiouger told Al Jazeera she refused to buy an electric car because of Trump’s promise to lower fuel prices and reported her weekly fill-up cost rose from $46 to $54.

Investment executive Sherif Osman said the price jump reflects expectations of disruption, warned that continued fighting for "one to three months" could push prices higher, and cautioned that prices could reach "$6 or $7" per gallon if oil facilities on both shores of the Arabian Gulf are attacked.

Al Jazeera reports that Iran's ban on ships passing through the Strait of Hormuz prompted insurers to stop supporting tankers transiting the strait.

The article says Trump tried to involve the U.S. International Development Finance Corporation to insure ships.

Al-Jazeera Net

It says Treasury Secretary Scott Bessent issued a 30-day exemption from U.S. sanctions on the sale of Russian oil to India to boost global supply.

Al Jazeera adds that hopes for a quick end to the conflict faded after Trump said it could take 'four to five weeks, maybe more.'

The article quotes White House Deputy Assistant Press Secretary Taylor Rogers saying the president and his energy team have 'a strong plan to maintain stability in the energy market before launching the epic wrath operation (the war)'.

Rogers also said they will 'review all credible options and implement them as appropriate.'