Gas Prices Top $4 Per Gallon As Strait Of Hormuz Remains Closed

Energy Secretary Chris Wright acknowledged that gasoline prices may not fall below $3 a gallon until next year, retracting a previous promise of cheaper fuel. This shift comes as the closure of the Strait of Hormuz drives up global energy costs and impacts American households. The situation highlights the severe economic strain caused by ongoing tensions in the Middle East and the vulnerability of U.S. energy security.