← May 1, 2026 briefing
Iran War Pushes US Gas to $4.30, Blockade Bites
World

Iran War Pushes US Gas to $4.30, Blockade Bites

US gasoline prices have jumped nearly 30 cents in a single week as the Strait of Hormuz blockade squeezes global oil supply. The fertiliser industry is also sounding alarms, with Yara's CEO warning the conflict puts 10 billion meals a week at risk by threatening crop yields worldwide. Trump says prices will fall once the war ends — a timeline no one can currently confirm.

MarketTrump announces US blockade of Hormuz lifted by...?
Will Donald Trump announce that the United States blockade of the Strait of Hormuz has been lifted by May 31, 2026?41% chance
Sources
Tony Blair’s thinktank urges Labour to scrap ‘unaffordable’ pension triple lock

Tony Blair’s thinktank urges Labour to scrap ‘unaffordable’ pension triple lock

The Guardian · Apr 30

Oscar goes missing after Academy Award winner is blocked from taking it on flight

Oscar goes missing after Academy Award winner is blocked from taking it on flight

BBC · May 1

Iran war live: Tehran says US ports siege ‘intolerable’; Trump mulls action

Iran war live: Tehran says US ports siege ‘intolerable’; Trump mulls action

Al Jazeera · May 1

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