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By: Simon Pluger

Strait of Hormuz, 14 May 2021 by: European Space Agency (ESA) via Wikimedia Commons

Since the beginning of 2026, the biggest question is when are the gas prices going to go down? Really, we don’t know but we can statistically track when they will.

Ever since Trump helped Israel launch several bombs to Iran it hasn’t been good. Many people have died mainly in Iran. We bombed hospitals and places with kids but that’s not what we are talking about today.

Since Trump has been very violent towards Iran recently they have been cutting ties and trying to close the Strait of Hormuz which is a narrow body of water in Iran. 20% of the world’s crude oil is passed through the Strait of Hormuz, making it really important. Because of the closure, the ships that are carrying the oil have to redirect and go different routes making it take longer and using more gas and oil itself.

It is not the gas itself that is expensive but it is expensive right now because it is taking more time and importantly, more work, for the oil to arrive where it needs to be. Even if we go to real war with Iran, gas will stay relatively the same price because we will most likely just switch providers of where we buy our gas from and different ways to ship it. As soon as our conflict with Iran stops though, the gas prices will steadily go down as shipping boats are able to go through the Strait of Hormuz. People would think that it would become cheaper very fast, but it won’t because there will still be ships that are going the new alternative ways.

Also, it’s not just the physical shipping that costs money. Other countries need oil too. The supply and demand goes up everywhere so that makes prices go up as well. Since companies don’ t know when they might get their oil, they charge higher prices as they still need to make money, and they are having to spend more.

The hardest part to understand is why things won’t get better the second the fighting stops. The change won’t be rapid, but instead will be more slow. Ships are going to still be stuck at the Strait, or they are going to still be going around Africa. It’s going to take a while for the shipping routes to get back to normal, so we probably shouldn’t expect cheap gas for a few months after peace starts.

By: Merob Geleto

The escalating conflict between Iran, the U.S., and Israel has now exploded into a full-on war, triggered by the U.S.-Israeli strikes on Iranian military sites, air defenses, and government infrastructure on February 28, 2026. The Supreme Leader Ali Khamenei was killed during the opening wave of strikes. There are still on-going military actions, 10 other Middle East countries have gotten involved with the conflict because Iran was targeting US military bases that were stationed in those countries.

Iran and US tension has been going on for a long time now. This conflict even dates back to the 1950s. In the early 1950s, Prime Minister Mohammad Mosaddegh nationalized the Iranian oil industry. Fearing that Iran may now lean towards the Soviet Union or the loss of oil would destabilize the West, the CIA and British intelligence orchestrated a coup. The US gave power to Shah Mohammad Reza Pahlavi who was a loyal ally to the US and the West. The Shah launched a series of aggressive reforms to modernize the country. This led to economic growth and increased women’s rights but it also involved the use of SAVAK (secret police) to eliminate dissent and rapid westernization. Many Iranians were against this new, pro-Western monarchy.

The 1979 Islamic Revolution in Iran was caused by economic inequality despite the vast oil wealth, the SAVAK, and the religious backlash. Large-scale protests and strikes broke out across Iranian cities. When the Shah realized he had lost control of the country and the military, he fled into exile. Iran went from a pro-Western monarchy to a theocratic republic. Khomeini, who was exiled during the Shah’s era for saying that the Shah was destroying Iran’s Islamic identity, had come back and became the “Supreme Leader”. Strict Islamic codes were implemented like mandatory veiling for women, banning Western music, and alcohol. Iran was a key US ally and then became a fierce adversary which peaked during the Iran Hostage Crisis. This war was not all of a sudden but was a growing conflict since the Cold War.

The ongoing conflict in Iran has caused global oil prices to rise, driving gasoline prices to their highest since 2023. The fighting threatens a crucial waterway for global energy shipments, the Strait of Hormuz, which carries about a fifth of global oil supplies. Since the start of this, Brent crude prices jumped from $60-$70 per barrel to over $100. In the United States, the price of gasoline has risen almost 25%. This war will only worsen and so will our gas prices.

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