What Trump’s war on Iran means for the US energy crunch

President Donald Trump arrives at the White House as joint US-Israeli military strikes on Iran continue. Washington, DC, on March 1st, 2026. | Photo: Getty Images

Fuel prices surged after the Trump administration launched strikes against Iran on Saturday, immediately raising questions about whether the war would increase energy costs for Americans, put more pressure on power grids, and push companies to pump out more oil and gas in the US. If conflict drags on, that could potentially play into Donald Trump's plans to "drill, baby, drill" - but that doesn't necessarily protect Americans from higher energy prices.

Keep in mind that it's still too early to tell what kind of war the US may have sparked. The spike in global oil prices could be short-lived. But prolonged conflict and disruptions to oil an …

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