Gas prices may spike and reach $4/gallon due to U.S.-Iran tensions over the Strait of Hormuz, warns this analyst.

The U.S. and Iran disputed whether Hormuz was open to ship traffic after trading strikes over the weekend.

Oil prices surged by more than 4% after renewed U.S.-Iran hostilities and competing claims over the status of the Strait of Hormuz reignited fears of major supply disruptions.

Oil prices spike as Hormuz traffic slows amid US-Iran tensions. Crude oil reaches a new all-time high by December 31 at 12.5% YES.

Oil prices surged after fresh US-Iran strikes raised Strait of Hormuz supply fears. Goldman Sachs lifted its oil forecast as global markets turned volatile.

Oil prices surge above $80 after Trump announces a 20% charge on cargo in the Strait of Hormuz and reinstates an Iran blockade, raising global supply fears

Gas prices may spike and reach $4/gallon due to U.S.-Iran tensions over the Strait of Hormuz, warns this analyst.

Oil prices surged after Trump's threats on shipping through the Strait of Hormuz. Crude oil reaching a new all-time high by December 31 at 14.5% YES.

By Claudia Assis and Myra P. Saefong

US-Iran tensions raise fears of $4 gas as the Strait of Hormuz is closed. Crude oil reaching a new all-time high by December 31 at 12.5% YES.

High pump prices have become a political headache for Trump and his Republican Party ahead of US midterm elections. Read more at straitstimes.com. Read more at straitstimes.com.

Mohamed El-Erian warns gas prices will hit $4/gal in US by end of July due to tensions with Iran and Strait of Hormuz.

Oil prices surge amid US-Iran tensions. Crude oil reaches a new all-time high by December 31 at 12.5% YES.