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Gas hits $4.10 as Trump moves toward massive Iran escalation

Gas hits $4.10 as Trump moves toward massive Iran escalation

U.S. gasoline reached $4.10 per gallon, up more than 17 cents in a month, as Trump announced he is close to ordering a massive strike against Iran.

The national average for regular gasoline in the United States reached $4.10 per gallon — more than 17 cents higher than a month ago, according to AAA — as President Trump told Axios he is "close to making a decision" on what he called "a massive attack. Bigger than ever before" against Iran. The people absorbing the first financial impact of this conflict are not in military briefing rooms; they are at the pump. 🔹 What happened: U.S. forces conducted their 13th consecutive night of strikes against Iran, targeting what the military described as Iran's ability to threaten maritime traffic. Iran's military said it carried out drone strikes in retaliation against U.S. facilities in Bahrain and Jordan. Iranian state media reported explosions in Qeshm and Bandar Abbas along the Strait of Hormuz. U.N. Secretary-General António Guterres told the Security Council the region was "being pulled into an ever-widening circle of confrontation" and that "one escalation triggers the next." Houthi rebels, aligned with Tehran, attacked Saudi tankers in the Red Sea near Bab el-Mandeb. Security forces in Iraq's Kurdistan region shot down drones near Irbil's international airport, which briefly suspended operations. 🔹 Why it matters: Oil prices peaked above $100 per barrel — highest since May — before dipping to $98. Every cent added to a barrel translates directly to costs borne by workers, commuters, and households with fixed incomes. The Bab el-Mandeb strait, now under Houthi threat, carries global container traffic to the Suez Canal; any prolonged disruption would raise prices far beyond fuel. Saudi Arabia faces Houthi attacks on its tankers while backing the internationally recognized Yemeni government. The conflict has expanded to at least four theaters simultaneously: Iran, Bahrain, Jordan, and Irbil. 📌 EPM Take: Seventeen cents more per gallon in one month does not sound alarming until you multiply it across the daily commute of a home-care worker in Detroit or a long-haul driver in Arizona — people with no hedge against energy volatility. EPM has already documented how war costs and tariffs are landing on ordinary Americans. What this week adds is a second maritime chokepoint under fire: if Bab el-Mandeb joins Hormuz in disruption, the supply chain impact would cascade well beyond fuel prices into consumer goods. Guterres said the region is heading toward "the unimaginable." The question legislators are not asking publicly is whether a 14th, 15th, or 20th consecutive night of strikes will lower that price at the pump — or push it past $5. ✍️ EPM Editorial Desk | erickprometeomedia.com
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