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Latin Times
Latin Times
Politics
Mateo Moreno

Trump Rules Out Iran Ceasefire Extension as Hormuz Standoff Keeps Gas Prices High

EL PASO, TEXAS - AUGUST 13: Gas and diesel prices are displayed at a Alon gas station on August 13, 2026 in El Paso, Texas. Diesel prices continue to climb as international conflicts across several regions disrupt the global fuel supply chain. Tensions involving Iran have severely disrupted shipping through the Strait of Hormuz, while Ukrainian attacks of Russian refineries have further strained fuel exports from the region. (Credit: Photo by Brandon Bell/Getty Images)

In Miami-Dade, Houston, and other diaspora hubs, the clearest sign of a standoff half a world away shows up on the gas station sign. The national average for a gallon of regular gasoline sat at $4.07 on Tuesday, according to AAA, with Florida's statewide average at $3.92 — both still well above where prices stood before the U.S.-Iran conflict began earlier this year. Rideshare drivers, delivery couriers, and anyone logging long commutes for hourly pay feel a jump in pump prices faster than salaried workers do, since fuel comes straight out of take-home earnings rather than a household budget with more places to absorb the hit. That squeeze isn't loosening soon. On Monday, President Donald Trump made clear that the truce underpinning whatever calm exists in the Persian Gulf will not be extended — and the standoff pushing prices higher shows no sign of breaking anytime soon.

Deadline passes, Trump refuses to extend

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