Despite being under a ceasefire with hopes increasing that a peace deal would be reached soon, the U.S. launched strikes against Iran on Wednesday.
President Donald Trump is still claiming a deal is being made while also continuing to threaten Iran with military strikes.
The average price of gas reached a four-year high ahead of Memorial Day, when millions of Americans are expected to travel throughout the country
The ongoing war in Iran has significantly impacted the U.S. economy, with increased energy prices and inflation at its highest level since May 2023.
Iran’s threat comes after President Donald Trump said U.S. military ships would escort ships through the blockaded Strait of Hormuz.
Trump is claiming the U.S. has control over the Strait of Hormuz, which, as usual, stands in conflict with what Iranian officials say.
The Strait of Hormuz has been a focal point during the ongoing war in Iran, with the U.S. Navy currently blockading entry to the port.
Members of Trump's administration fear that the president is shooting himself in the foot by constantly posting about victories that haven't happened.
While the Iranian government has declared the Strait of Hormuz is open, President Donald Trump reiterated that the U.S. blockade will remain in place.
The ongoing conflict in Iran led to gas prices posting their largest single-month increase in five decades, affecting prices across the board.
Booooy, I haven't seen Megyn Kelly go off like that since Bad Bunny sang songs in Spanish during the Super Bowl.
The tenuous nature of the ceasefire between the United States and Iran has made shipping companies wary of going through the Strait of Hormuz.