Oil Hits $103 as Hormuz Shuts — Is $200 Next?
Fifty-one cents. That is how much the average American paid extra per gallon at the gas pump in just seven days ending March 9, 2026. Behind that number sits a 21-mile-wide chokepoint — the Strait of Hormuz — that carries roughly one-fifth of the world’s oil and LNG supply, and which Iran has now effectively sealed shut in retaliation for the U.S.-led military campaign that began February 28. Read more »