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The Independent UK
The Independent UK
World
Cathy Bussewitz and Mae Anderson

The tenuous state of a US-Iran ceasefire renews anxiety over high fuel prices

US Energy Crisis - (Copyright 2026 The Associated Press. All rights reserved)

The potential unraveling of a fragile truce between Iran and the United States renewed anxiety Wednesday over whether fuel prices would go back up if sustained fighting kept oil tankers from traveling through the Persian Gulf.

Oil prices rose to their highest point in weeks after President Donald Trump declared the U.S. ceasefire with Iran over, responding to Iranian attacks on commercial ships in the Strait of Hormuz and on American military sites in other Gulf nations. Costlier crude oil could lead to costlier gas station fill-ups as drivers in many countries were getting a break from elevated prices brought on by the war.

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