US gasoline inventories are tracking toward historical seasonal lows by late summer, adding pressure to a fuel market roiled by the war in Iran. Morgan Stanley warns that tightening supplies are creating vulnerabilities in the nation's energy infrastructure. The situation reflects broader disruptions rippling through global energy markets.

The Iran conflict has complicated supply chains, reducing available fuel and tightening margins for refiners. With inventories already constrained, any further disruption could amplify price volatility. Morgan Stanley's analysis signals growing concern about the market's resilience as seasonal demand increases.

These developments underscore how geopolitical tensions translate into everyday costs for consumers and businesses. As supplies dwindle, the seasonal low becomes a focal point for traders and policymakers. The fuel market's vulnerability deepens as inventories shrink.

The implications extend beyond refineries. Airlines, trucking companies, and manufacturers face higher operational costs as fuel prices climb. With supply constraints mounting, the industry braces for a challenging summer driving season.