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CBS News gas and oil price tracker shows how much energy costs are rising amid the Iran war

The war with Iran is pushing up oil and gas prices, creating widespread financial strain on U.S. motorists, food delivery drivers, farmers as well as the U.S. Postal Service.  Average U.S. gas prices topped $4 per gallon on March 31 for the first time since 2022, according to AAA. Analysts say prices are likely to remain elevated until shipping resumes in the Strait of Hormuz, a key…

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strait of hormuz iran war

Iran war hits 6-month mark with no end in sight

The head of the U.S. military’s Central Command, Adm. Brad Cooper, has echoed President Trump’s insistence that the Strait of Hormuz shipping lanes are clear of sea mines, saying they are “open, and momentum is building.”  He acknowledged, however, that vessels still seek direct U.S. military protection to use the vital waterway, which Iran has…

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