economy
Live Updates: Iran war pushes gas price over $4 a gallon as Trump mulls dropping Strait of Hormuz efforts
Updated on: March 31, 2026 / 12:09 PM EDT / CBS News
TL;DR
- Gas prices have risen above $4 per gallon.
- This price increase is associated with the conflict in Iran.
- Donald Trump is contemplating halting efforts concerning the Strait of Hormuz.