Americans to Pay $1,096 Extra at Gas Pump Due to Trump-Israel War on Iran By Brett Wilkins
April 9, 2026
Introduction:
(Common Dreams) An analysis published Thursday by the office of US Sen. Ed Markey estimates that the average American motorist will pay nearly $1,100 extra for gasoline in 2026 due to President Donald Trump’s war of choice on Iran.
“The data highlights a worsening affordability crisis, with the average American family facing an annual increase of $1,096 this year if gas prices remain at $4.14 per gallon—a shocking increase of $1.16 per gallon since Trump launched his war on Iran in February,” Markey’s (D-Mass.) office said.
“These numbers are likely an underestimate,” the analysis notes. “Many analysts predict gasoline prices will rise higher without a permanent end to the war. Instead of investing in energy independence, Trump has done everything in his power to destroy American-made affordable clean energy... and double down on the fossil fuels that are now skyrocketing in price.”
“As Americans pay more at the pump, fossil fuel industry executives profit,” Markey’s office said. “During Trump’s first year in office, the five largest oil companies—ExxonMobil, Chevron, ConocoPhillips, Shell, and BP—made more than $75 billion dollars in profits.”
Fossil fuel interests spent $445 million to help elect Trump and other Republicans in 2024. And while some Big Oil executives are reportedly upset that the ceasefire agreement with Iran apparently includes Iranian control of the Strait of Hormuz and the power to charge tolls to tankers passing through the vital waterway, industry executives sold a reported $1.4 billion in shares before and during the war that they may
On Who Benefits from Higher Oil Prices Caused by Iran War By Meghan Schneider
April 8, 2026
Introduction:
(Other Words) Our dependence on fossil fuels does more than pollute our air. It destabilizes the world and empowers the ultra-wealthy to profit off of that volatility, leaving working families to pay the price.
This dynamic has been on full display since President Trump’s attack on Iran.
Trump’s invasion of one of the world’s most oil-rich regions jolted energy markets, sending gas prices soaring to the highest level in either of his terms. In 2024 he campaigned on cutting them in half. Instead, Americans are now on track to pay roughly $720 more for gasoline this year.
The full cost to working families will be much steeper as high gas prices drive up prices on consumer goods across the board. We’re already seeing that ripple effect take hold, as the U.S. Postal Service has proposed a temporary 8 percent fuel surcharge on package deliveries to offset rising transportation costs tied directly to the war-driven spike in oil prices.
At the same time, the oil and gas companies that invested at least $75 million in Trump’s reelection are cashing in on this instability. A recent Financial Times analysis estimates that U.S. oil companies could collect an additional $63 billion in revenue this year if crude prices remain at these wartime levels. In March alone, the industry is expected to generate $5 billion in extra cash flow.
Oil price jumps to $115 after reports of 'extended' Iran blockade
29 April 2026
Oil prices have climbed sharply following reports that the US is preparing for an 'extended' blockade of Iran.
Brent crude rose to around $115 (£85) a barrel on Wednesday, having closed at just over $110 (£81) on Tuesday evening. The price had fallen slightly to $114.37 (£84.68) just before midday BST.
It follows reports from the Wall Street Journal that US President Donald Trump has instructed aides to prepare to extend the ongoing blockade of Iran's ports, in an effort to squeeze the country's economy.
Iran has said it will continue to disrupt traffic travelling through the Strait of Hormuz in response to the US blockade.
