Iran Conflict May End Soon, Gas Prices Could Drop

0:00From Durham, this is your March 15 update. A top military expert says the ongoing conflict with Iran should wrap up in the next few weeks, which could bring gas prices down soon for Americans. Patrick Wright made the comments on ABC News this weekend, predicting relief at the pump but stressing there's no firm guarantee. The spike in prices ties directly to Iran blocking the straight of Hormuz, a key choke point for about 20% of the world's oil supply heading, from the Persian Gulf to the Open Sea. That closure has driven crude oil costs way up, hitting U.S. drivers hard. Gasbody reports the national average has jumped 76 cents per gallon since the war began just days ago. Wright noted the U.S. Navy might escort oil tankers through the straight if needed, but they're not doing that yet. He called his short-term pain for a better outcome ahead, though wars always carry uncertainty. This story is still developing, so stay tuned for updates. These stories may possible by our sponsor, see the episode description.

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