Gas prices surge as Iran conflict drives economic concerns

Americans are feeling the financial impact of the ongoing conflict involving Iran as gas prices continue climbing nationwide.

(NBC)- The national average for gasoline has reached $4.23 per gallon — the highest level since the war with Iran began — putting pressure on families, commuters and businesses alike.

“The gas prices are insane. They are too high,” one driver said.

Delivery drivers and workers who rely on fuel say the rising costs are cutting into profits.

“It cuts into my bottom line,” said one delivery driver. “I’m out there to make money.”

The economic fallout from the conflict is also influencing monetary policy.

Federal Reserve officials opted not to lower interest rates, citing uncertainty surrounding the conflict and its impact on inflation.

“It’s so unknown because how long will the strait be closed?” said Jerome Powell, referring to disruptions involving the Strait of Hormuz.

Meanwhile, Donald Trump is reportedly considering military options to ease shipping bottlenecks in the region, according to sources familiar with discussions.

The administration continues enforcing a blockade on Iranian ports, which Trump says will remain in place until Iran agrees not to pursue nuclear weapons.

“Their economy is really in trouble,” Trump said. “The question is whether or not they’re going to go far enough.”

The conflict also sparked heated exchanges on Capitol Hill as lawmakers questioned Pentagon leaders about the cost and effectiveness of the military operation.

John Garamendi accused the administration of shifting explanations about the war, while Pete Hegseth defended the mission as successful and historically significant.

The Pentagon says the war has already cost approximately $25 billion.