American Gas Prices Surge for 11th Consecutive Day as Iran War Drives Crude Oil Above $90 Per Barrel

As the conflict intensifies in the Middle East, Americans are feeling the squeeze at the pump. For the eleventh consecutive day, gas prices across the United States have risen sharply, fueled by escalating tensions in Iran and the surrounding regions. The ongoing military operations, particularly the recent dramatic engagements around the Strait of Hormuz, have propelled crude oil prices above $90 per barrel, impacting economies and consumers worldwide.

Impact of Operation Epic Fury on Oil Markets

The current surge in gas prices is directly linked to the events of Operation Epic Fury, which began on February 28, 2026. The U.S. military, alongside its allies, has been actively engaged in a series of strategic strikes against Iranian military assets. Recently, President Trump announced that U.S. forces had successfully destroyed 28 Iranian mine-laying ships near the critical maritime chokepoint of the Strait of Hormuz. This action, confirmed by CENTCOM with at least 16 ships verified on March 10, underscores the operation's intensity.

According to the Pentagon, the conflict has taken a toll, with approximately 150 U.S. service members reported wounded, 8 severely, and 8 killed. President Trump has signaled that while the fighting is expected to conclude shortly, the U.S. is prepared to strike harder if necessary.

The strategic importance of the Strait of Hormuz cannot be overstated. As a vital artery for global oil transportation, any disruption here sends shockwaves through international oil markets. The combined military actions have targeted 11 of 17 Artesh Air Force airbases, the IRGC Quds Force headquarters, and various security targets in Tabriz, further destabilizing the region.

Global Response and Market Volatility

Despite the concerted efforts of Gulf states to intercept 94% of Iranian missiles and drones, the threat to oil shipments remains significant. The IRGC's vow to block oil passage through the Strait has incited further market volatility. On March 10, the oil market experienced a dramatic swing when Energy Secretary Chris Wright erroneously announced that the U.S. Navy had successfully escorted a tanker through Hormuz. Although the post was deleted, it led to a temporary plunge in Brent crude prices by 17% below $80 per barrel before rebounding to near $90 after a White House clarification.

In response, 32 countries have announced the largest coordinated strategic oil reserve release in history, aiming to stabilize the global market. Nonetheless, on March 11, oil prices continued to rise amidst ongoing uncertainty.

Domestic Impact and Calls for Energy Independence

Domestically, the rising gas prices are exerting pressure on American consumers, who are already facing economic challenges. The situation has reignited calls for increased energy independence, with proponents urging investment in domestic energy production and alternative energy sources to mitigate reliance on foreign oil.

As the conflict persists and strategic reserves are deployed, the broader impact on the U.S. economy remains a critical concern. Qatar's Prime Minister has accused Iran of betraying the Gulf, further complicating diplomatic relations in the region.

Conclusion

As Operation Epic Fury continues to unfold, the global ramifications are increasingly apparent. The intersection of military strategy, geopolitical alliances, and economic resilience will play a pivotal role in shaping the outcomes of this conflict. For now, American consumers and policymakers alike must navigate the turbulent waters of an uncertain energy market, underscoring the enduring importance of strategic preparedness and allied cooperation in an era of rising global tensions.