Explosions reported in Iran's Hormozgan province near Sirik
A single report describes explosions near Sirik in Iran's Hormozgan province, with cause and impact unconfirmed.
Event / Politics
Escalating military conflict between Saudi Arabia and Houthi forces, including coordinated attacks on airports and energy infrastructure, with regional ceasefire violations and international responses.
2026-07-29 to 2026-10-26 · UTC publication dates
Coverage begins 11 Apr, 00:07 UTC
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Iran refused to reopen the Strait of Hormuz following military attacks by the United States and Israel in February 2026, maintaining a blockade of the critical oil shipping route.
Since the start of military conflict with Iran in February 2026, elevated gas and diesel prices have cost Americans more than $741 per household, according to a tracker from Brown University.
United States refineries are operating at 98% capacity, with many facilities in Texas operating under unusually harsh heat conditions. Limited spare capacity raises risks that any disruption or hurricane damage could prevent gasoline prices from declining.
The average price of regular gasoline in the United States reached $4.14 per gallon heading into Labor Day weekend, nearly a dollar higher than the previous year and exceeding the previous Labor Day weekend record of $3.82 set in 2012. This is the first time gas prices have topped $4 per gallon on Labor Day.
The United States and Israel conducted military attacks on Iran in February 2026. Following the attacks, crude oil traffic through the Strait of Hormuz significantly plunged, and Iran refused to reopen the critical waterway, contributing to sustained high energy prices globally.
US Energy Secretary Chris Wright stated that futures prices indicate gasoline purchased today for delivery in November 2026 is approximately $0.35 per gallon cheaper than current prices, suggesting the market forecasts meaningful price declines in coming months.
Chinese refineries are experiencing declining outputs, contributing to reduced gasoline supplies in global markets.
West Texas Intermediate crude oil futures were trading at approximately $92 per barrel on Monday, September 7, 2026, up from $67 per barrel before U.S.-Israeli military operations against Iran on February 28, 2026.
Total domestic gasoline supply decreased from 206.8 million barrels to 205.7 million barrels in the week prior to September 7, 2026, while gasoline production remained stable at 9.8 million barrels per day.
Diesel fuel prices reached $5.90 per gallon on September 7, 2026, marking a record high. This represents a significant increase from $3.71 per gallon one year prior.
Diesel fuel in California reached an average price of $7.8256 per gallon on September 7, 2026, reflecting a 52.02% surge compared to $5.1478 per gallon one year prior. This represents the highest diesel prices in the nation.
The average price for regular gasoline in California reached $5.8602 per gallon as of September 7, 2026, representing a 26.95% increase compared to $4.6162 per gallon one year prior. California has the most expensive gasoline market in the United States.
The national average price for a gallon of regular unleaded gasoline reached $4.15 on Monday, September 7, 2026, setting a new record for Labor Day. This surpasses the previous Labor Day record of $3.82 set on September 3, 2012. The price increase reflects elevated crude oil costs offsetting typical post-summer seasonal declines in gasoline demand.
According to data from the Energy Information Administration, U.S. gasoline demand decreased from 9.04 million barrels per day to 8.92 million barrels per day in the week before September 7, 2026.
The diesel price premium in California over the rest of the United States increased from an average of $1.14 per gallon before the Iran war to $1.58 per gallon following the conflict, indicating diesel prices are rising faster for California consumers than for other Americans.
California, Hawaii, and Washington are the only three U.S. states where average gasoline prices exceed $5 per gallon as of September 7, 2026. Indiana, Mississippi, and Texas have the lowest prices nationally.
International benchmark Brent crude futures were trading at $97 per barrel on Monday, September 7, 2026, up from $72 per barrel before the Iran conflict.
Diesel fuel reached a national average of $5.85 per gallon, setting a new record. The increased diesel costs are being passed on to consumers through higher transportation and delivery expenses at grocery stores and package delivery services.
A single report describes explosions near Sirik in Iran's Hormozgan province, with cause and impact unconfirmed.
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Houthis hold Bab el-Mandeb strait control despite failed government counteroffensive to recapture the strategic chokepoint.
Houthis executed four coordinated operations against Saudi airports, killing 14 people in two strikes on Riyadh facility.
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