US gas prices hit record August highs amid stalled Iran talks and Middle East conflict
U.S. national average gas prices reached record highs for August at $4.06 per gallon as peace talks with Iran stall and disruptions from the ongoing regional conflict persist.
- U.S. national average gas price reached $4.06 per gallon, the highest ever recorded for August.
- Peace talks between the U.S. and Iran have stalled while regional disruptions continue.
Sources
- The Guardian — Governments’ borrowing costs hit further multi-decade highs as US-Iran peace hopes fade
- The Guardian — Oil prices jump after US-Iran ceasefire expires and Trump threatens Oman
- The Independent — Iran-US war latest: Ship attacked in Strait of Hormuz as Trump casts doubt over peace deal
- Al Jazeera — Iran war live: Trump rejects MoU extension as US claims control of Hormuz
- The Guardian — US gas prices reach highest ever recorded for August amid stalled talks with Iran
- CNBC — Strait of Hormuz shipping grinds to a halt ahead of U.S.-Iran ceasefire expiry
- The Independent — Iran-US war latest: Trump’s agreement with Tehran expires today as $30k bounty placed on US soldiers
- Al Jazeera — Trump threatens to make the Strait of Hormuz a US territory: Can he?