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Latin Times
Latin Times
Politics
Mateo Moreno

Gas Prices Climb as Iran Strikes Resume, Clouding Trump's Venezuela Oil Promise

A trader works on the floor of the New York Stock Exchange (NYSE) during morning trading on August 24, 2026 in New York City. Oil prices eased after strong gains last week while stock markets faltered on Monday as investors awaited details of a US plan to impose massive economic pressure on Iran to end the Middle East war. (Credit: Photo by ANGELA WEISS / AFP via Getty Images)

The Pentagon widened its campaign against Iranian military targets on Tuesday, pushing crude oil to its highest level in weeks and complicating, for now, the White House's argument that a separate arrangement with Venezuela is about to bring relief at the pump. For Latino households that have named the cost of living their top concern heading into the midterms, the two storylines are converging at the same gas station.

Strikes Near Hormuz Push Oil Back Up

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