Gas Prices Rise as Conflict Affects Oil Shipments Through Strait of Hormuz

Gas prices increased amid conflict involving Iran, according to reports. Officials said the rise stems from instability near the Strait of Hormuz, a route for roughly 20 percent of global oil shipments. " A former vice president said, "The American people are paying the price" for actions in Iran.

During prior years, policies aimed at addressing climate change included pauses on new oil and gas leases and state-level restrictions on certain appliances. Some countries shifted toward solar and wind sources, which left them more exposed during periods of global instability.

The average price for a gallon of gasoline in France and the United Kingdom reached nearly $9 for the week beginning May 18. In the United States, the price remained lower during the same period. Officials said the current price increase would not last long. Voters are scheduled to decide on related policy questions in five months.