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Iran War: The US States Where Gas Prices Are Surging Fastest Under Trump
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May 1, 2026
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1:51Now PlayingUS President Donald Trump has vowed to maintain a naval blockade on Iran, reiterating that the policy is depriving the Islamic Republic of much-needed oil revenue. West Texas Intermediate, the main US crude marker, rallied toward $111 a barrel on Thursday, while Brent, the global benchmark, topped $126.
In a written statement, Iran’s Supreme Leader Mojtaba Khamenei cast doubt on the prospects of a deal with the US, vowing not to give up the Islamic Republic’s nuclear or missile technologies, and signaling Tehran would keep control of the Strait of Hormuz.
The American Automobile Association says in California, the average statewide price for regular gasoline rose to $6.01, the highest since October 2023. Skyrocketing pump prices are a major political risk for President Donald Trump’s White House, especially ahead of the midterm elections.
Bloomberg's Charlie Wells breaks down at the latest Iran war impacts for Americans at US gas pumps on "The Pulse with Francine Lacqua."
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