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Last updated: July 14, 2026, 11:30 AM ET

Middle East Tensions Fuel Energy Price Volatility, Impacting Global Markets

Escalating hostilities in the Middle East, particularly between the US and Iran, have sent shockwaves through global energy markets, threatening a resurgence of high prices at the pump. Fuel markets in both the US and Europe are experiencing record tightness, exacerbating concerns for consumers already grappling with elevated costs. The Strait of Hormuz, a critical artery