Will Gas Prices Go Up Because of the Iran War?

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Will Gas Prices Go Up Because of the Iran War?

The Wall Street Journal & Spotify Studios

04 March 2026

The conflict with Iran has raised energy prices and sent shock waves through markets. WSJ’s Rebecca Feng explains what’s happening in the Strait of Hormuz, an Iran-controlled waterway through which a fifth of the world’s oil supply typically travels. And WSJ’s Harriet Torry breaks down what this could mean for consumers and inflation in the U.S. Jessica Mendoza hosts. Further Listening: - Trump’s Shifting Reasons for War With Iran - Trump's 'Donroe Doctrine' on Foreign Policy Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices