{"id":18126,"date":"2025-06-24T20:06:48","date_gmt":"2025-06-24T20:06:48","guid":{"rendered":"https:\/\/news-vm.com\/?p=18126"},"modified":"2025-06-24T20:06:48","modified_gmt":"2025-06-24T20:06:48","slug":"experts-issue-warning-about-how-much-gas-prices-will-rise-after-trumps-iran-strikes","status":"publish","type":"post","link":"https:\/\/news-vm.com\/?p=18126","title":{"rendered":"Experts issue warning about how much gas prices will rise after Trump\u2019s Iran strikes"},"content":{"rendered":"<header class=\"article-header_header__gD613\">\n<div class=\"article-header_meta__N4zeN\">\n<h2 class=\"summary_summary__q_VAA\">Concerns around the world&#8217;s oil supply are growing following the US&#8217; attack on Iran<\/h2>\n<div class=\"article-header_metaWrapper__P4a1g\">\n<div class=\"article-header_shareLink__FtU9x\">\n<div class=\"share-link_container__q9th7\">\n<div class=\"share-link_desktopTabletShareArrowWrapper__Gchyi\" tabindex=\"0\" role=\"button\" aria-label=\"share live post\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/header>\n<div class=\"content-template_body__RWRhb\">\n<p class=\"text_text__nEn66\"><strong>Experts have expressed fears over the economic repercussions of Trump&#8217;s attack on Iran over the weekend as tensions continue to escalate in the Middle East.<\/strong><\/p><div class=\"cdrbt69fee540b4aca\" ><div style=\"width:100%; max-width:1200px; margin:0 auto;\">\n  <a href=\"https:\/\/bolt-casino.com?r=0BFDBF1283\" target=\"_blank\" rel=\"noopener\">\n    <img \n      src=\"https:\/\/news-vm.com\/wp-content\/uploads\/2026\/04\/f8693ebb-2018-480f-a2f7-0096810c07f0.jpg\" \n      alt=\"200% Deposit Bonus + 10% Cashback\" \n      style=\"width:100%; height:auto; display:block; border-radius:8px; cursor:pointer;\"\n    \/>\n  <\/a>\n<\/div><\/div><style type=\"text\/css\">\r\n@media screen and (min-width: 1201px) {\r\n.cdrbt69fee540b4aca {\r\ndisplay: block;\r\n}\r\n}\r\n@media screen and (min-width: 993px) and (max-width: 1200px) {\r\n.cdrbt69fee540b4aca {\r\ndisplay: block;\r\n}\r\n}\r\n@media screen and (min-width: 769px) and (max-width: 992px) {\r\n.cdrbt69fee540b4aca {\r\ndisplay: block;\r\n}\r\n}\r\n@media screen and (min-width: 768px) and (max-width: 768px) {\r\n.cdrbt69fee540b4aca {\r\ndisplay: block;\r\n}\r\n}\r\n@media screen and (max-width: 767px) {\r\n.cdrbt69fee540b4aca {\r\ndisplay: block;\r\n}\r\n}\r\n<\/style>\r\n\n<p class=\"text_text__nEn66\">The world is still reacting\u00a0to\u00a0Trump&#8217;s\u00a0shock move to\u00a0launch strikes at three of Iran&#8217;s key nuclear facilities\u00a0on Saturday night (June 21), dropping\u00a014 powerful &#8216;bunker buster&#8217; bombs on the sites\u00a0amid the nation&#8217;s ongoing conflict with\u00a0Israel.<\/p>\n<p class=\"text_text__nEn66\">After\u00a0Iran\u00a0vowed the\u00a0US\u00a0will be\u00a0facing &#8216;everlasting consequences&#8217; for its attack\u00a0and a &#8216;decisive response&#8217; will be coming, the country today (June 23) launched\u00a0missiles of its own on US air bases in Qatar and Iraq.<\/p>\n<p class=\"text_text__nEn66\">It is not yet known what will happen next, but there&#8217;s no doubt one that one of the most damaging strategies Iran could use is the control is has over the northern side of the Strait of Hormuz &#8211; a stretch of water between Persian Gulf and the Gulf of Oman which 20 percent of the world&#8217;s supply of oil\u00a0travels\u00a0through.<\/p>\n<p class=\"text_text__nEn66\">Calls from within Iran have already grown for the Strait to be shut down or heavily restricted, with Iran\u2019s state-owned media reporting that the country&#8217;s parliament backed the move.<\/p>\n<div class=\"article-image_articleImage__eyzAn\">\n<div class=\"article-image_imageWrapper__ANtPE\">\n<div class=\"resizable-image_wrapper__LRQlr\"><img decoding=\"async\" class=\"article-image_image__XvzgU resizable-image_lowRes__5OkaL resizable-image_fadeOut___ZcLy\" src=\"https:\/\/images.ladbible.com\/resize?type=webp&amp;quality=1&amp;width=3840&amp;fit=contain&amp;gravity=auto&amp;url=https:\/\/images.ladbiblegroup.com\/v3\/assets\/blt949ea8e16e463049\/blt0c0dba5b05e427b8\/6859210b74eea27b444b4a21\/GettyImages-2220445402.jpg\" sizes=\"(max-width: 430px) 33vw, (max-width: 768px) 50vw, (max-width: 1024px) 50vw, 33vw\" srcset=\"https:\/\/images.ladbible.com\/resize?type=webp&amp;quality=1&amp;width=256&amp;fit=contain&amp;gravity=auto&amp;url=https:\/\/images.ladbiblegroup.com\/v3\/assets\/blt949ea8e16e463049\/blt0c0dba5b05e427b8\/6859210b74eea27b444b4a21\/GettyImages-2220445402.jpg 256w, https:\/\/images.ladbible.com\/resize?type=webp&amp;quality=1&amp;width=384&amp;fit=contain&amp;gravity=auto&amp;url=https:\/\/images.ladbiblegroup.com\/v3\/assets\/blt949ea8e16e463049\/blt0c0dba5b05e427b8\/6859210b74eea27b444b4a21\/GettyImages-2220445402.jpg 384w, https:\/\/images.ladbible.com\/resize?type=webp&amp;quality=1&amp;width=640&amp;fit=contain&amp;gravity=auto&amp;url=https:\/\/images.ladbiblegroup.com\/v3\/assets\/blt949ea8e16e463049\/blt0c0dba5b05e427b8\/6859210b74eea27b444b4a21\/GettyImages-2220445402.jpg 640w, https:\/\/images.ladbible.com\/resize?type=webp&amp;quality=1&amp;width=750&amp;fit=contain&amp;gravity=auto&amp;url=https:\/\/images.ladbiblegroup.com\/v3\/assets\/blt949ea8e16e463049\/blt0c0dba5b05e427b8\/6859210b74eea27b444b4a21\/GettyImages-2220445402.jpg 750w, https:\/\/images.ladbible.com\/resize?type=webp&amp;quality=1&amp;width=828&amp;fit=contain&amp;gravity=auto&amp;url=https:\/\/images.ladbiblegroup.com\/v3\/assets\/blt949ea8e16e463049\/blt0c0dba5b05e427b8\/6859210b74eea27b444b4a21\/GettyImages-2220445402.jpg 828w, https:\/\/images.ladbible.com\/resize?type=webp&amp;quality=1&amp;width=1080&amp;fit=contain&amp;gravity=auto&amp;url=https:\/\/images.ladbiblegroup.com\/v3\/assets\/blt949ea8e16e463049\/blt0c0dba5b05e427b8\/6859210b74eea27b444b4a21\/GettyImages-2220445402.jpg 1080w, https:\/\/images.ladbible.com\/resize?type=webp&amp;quality=1&amp;width=1200&amp;fit=contain&amp;gravity=auto&amp;url=https:\/\/images.ladbiblegroup.com\/v3\/assets\/blt949ea8e16e463049\/blt0c0dba5b05e427b8\/6859210b74eea27b444b4a21\/GettyImages-2220445402.jpg 1200w, https:\/\/images.ladbible.com\/resize?type=webp&amp;quality=1&amp;width=1920&amp;fit=contain&amp;gravity=auto&amp;url=https:\/\/images.ladbiblegroup.com\/v3\/assets\/blt949ea8e16e463049\/blt0c0dba5b05e427b8\/6859210b74eea27b444b4a21\/GettyImages-2220445402.jpg 1920w, https:\/\/images.ladbible.com\/resize?type=webp&amp;quality=1&amp;width=2048&amp;fit=contain&amp;gravity=auto&amp;url=https:\/\/images.ladbiblegroup.com\/v3\/assets\/blt949ea8e16e463049\/blt0c0dba5b05e427b8\/6859210b74eea27b444b4a21\/GettyImages-2220445402.jpg 2048w, https:\/\/images.ladbible.com\/resize?type=webp&amp;quality=1&amp;width=3840&amp;fit=contain&amp;gravity=auto&amp;url=https:\/\/images.ladbiblegroup.com\/v3\/assets\/blt949ea8e16e463049\/blt0c0dba5b05e427b8\/6859210b74eea27b444b4a21\/GettyImages-2220445402.jpg 3840w\" alt=\"Trump's attack on Iran could spell disaster for the oil and gas industry (Chip Somodevilla\/Getty Images)\" data-chromatic=\"ignore\" data-nimg=\"fill\" \/><\/div>\n<\/div>\n<p><cite class=\"image-credit_imageCredit__YMlqS\">Trump&#8217;s attack on Iran could spell disaster for the oil and gas industry (Chip Somodevilla\/Getty Images)<\/cite><\/p>\n<\/div>\n<div class=\"floating-video-player_container__u4D9_\">\n<div id=\"primisPlayer\"><\/div>\n<\/div>\n<p class=\"text_text__nEn66\">However, US Secretary of State Marco Rubio warned shutting down the Strait would be &#8216;economic suicide&#8217; for Iran, particularly when it comes to relations with\u00a0China, which is Iran&#8217;s top trading partner.<\/p>\n<p class=\"text_text__nEn66\">Still, rumblings alone of the move has got experts seriously worried as they explain how gas prices could be affected by the conflict if Iran did choose to disrupt the Strait.<\/p>\n<p class=\"text_text__nEn66\">As of Sunday evening, oil prices hiked while stock futures fell, indicating investors remain concerned over the\u00a0impact of the US&#8217; attack on Iran.<\/p>\n<p class=\"text_text__nEn66\">It was yet another blow for the US stock market, which was only just recovering from the impact of\u00a0Trump&#8217;s slew of tariffs earlier this year.<\/p>\n<p class=\"text_text__nEn66\">US and global benchmark oil prices opened up at four percent on Sunday evening, having been at three percent the previous week when\u00a0Israel launched its large-scale attack\u00a0and Iran subsequently launched retaliatory attacks.<\/p>\n<div class=\"article-image_articleImage__eyzAn\">\n<div class=\"article-image_imageWrapper__ANtPE\">\n<div class=\"resizable-image_wrapper__LRQlr\"><img decoding=\"async\" class=\"article-image_image__XvzgU resizable-image_lowRes__5OkaL resizable-image_fadeOut___ZcLy\" src=\"https:\/\/images.ladbible.com\/resize?type=webp&amp;quality=1&amp;width=3840&amp;fit=contain&amp;gravity=auto&amp;url=https:\/\/images.ladbiblegroup.com\/v3\/assets\/blt949ea8e16e463049\/bltc165afaba08165c2\/6859205ef5caef145b075c72\/GettyImages-2219855898.jpg\" sizes=\"(max-width: 430px) 33vw, (max-width: 768px) 50vw, (max-width: 1024px) 50vw, 33vw\" srcset=\"https:\/\/images.ladbible.com\/resize?type=webp&amp;quality=1&amp;width=256&amp;fit=contain&amp;gravity=auto&amp;url=https:\/\/images.ladbiblegroup.com\/v3\/assets\/blt949ea8e16e463049\/bltc165afaba08165c2\/6859205ef5caef145b075c72\/GettyImages-2219855898.jpg 256w, https:\/\/images.ladbible.com\/resize?type=webp&amp;quality=1&amp;width=384&amp;fit=contain&amp;gravity=auto&amp;url=https:\/\/images.ladbiblegroup.com\/v3\/assets\/blt949ea8e16e463049\/bltc165afaba08165c2\/6859205ef5caef145b075c72\/GettyImages-2219855898.jpg 384w, https:\/\/images.ladbible.com\/resize?type=webp&amp;quality=1&amp;width=640&amp;fit=contain&amp;gravity=auto&amp;url=https:\/\/images.ladbiblegroup.com\/v3\/assets\/blt949ea8e16e463049\/bltc165afaba08165c2\/6859205ef5caef145b075c72\/GettyImages-2219855898.jpg 640w, https:\/\/images.ladbible.com\/resize?type=webp&amp;quality=1&amp;width=750&amp;fit=contain&amp;gravity=auto&amp;url=https:\/\/images.ladbiblegroup.com\/v3\/assets\/blt949ea8e16e463049\/bltc165afaba08165c2\/6859205ef5caef145b075c72\/GettyImages-2219855898.jpg 750w, https:\/\/images.ladbible.com\/resize?type=webp&amp;quality=1&amp;width=828&amp;fit=contain&amp;gravity=auto&amp;url=https:\/\/images.ladbiblegroup.com\/v3\/assets\/blt949ea8e16e463049\/bltc165afaba08165c2\/6859205ef5caef145b075c72\/GettyImages-2219855898.jpg 828w, https:\/\/images.ladbible.com\/resize?type=webp&amp;quality=1&amp;width=1080&amp;fit=contain&amp;gravity=auto&amp;url=https:\/\/images.ladbiblegroup.com\/v3\/assets\/blt949ea8e16e463049\/bltc165afaba08165c2\/6859205ef5caef145b075c72\/GettyImages-2219855898.jpg 1080w, https:\/\/images.ladbible.com\/resize?type=webp&amp;quality=1&amp;width=1200&amp;fit=contain&amp;gravity=auto&amp;url=https:\/\/images.ladbiblegroup.com\/v3\/assets\/blt949ea8e16e463049\/bltc165afaba08165c2\/6859205ef5caef145b075c72\/GettyImages-2219855898.jpg 1200w, https:\/\/images.ladbible.com\/resize?type=webp&amp;quality=1&amp;width=1920&amp;fit=contain&amp;gravity=auto&amp;url=https:\/\/images.ladbiblegroup.com\/v3\/assets\/blt949ea8e16e463049\/bltc165afaba08165c2\/6859205ef5caef145b075c72\/GettyImages-2219855898.jpg 1920w, https:\/\/images.ladbible.com\/resize?type=webp&amp;quality=1&amp;width=2048&amp;fit=contain&amp;gravity=auto&amp;url=https:\/\/images.ladbiblegroup.com\/v3\/assets\/blt949ea8e16e463049\/bltc165afaba08165c2\/6859205ef5caef145b075c72\/GettyImages-2219855898.jpg 2048w, https:\/\/images.ladbible.com\/resize?type=webp&amp;quality=1&amp;width=3840&amp;fit=contain&amp;gravity=auto&amp;url=https:\/\/images.ladbiblegroup.com\/v3\/assets\/blt949ea8e16e463049\/bltc165afaba08165c2\/6859205ef5caef145b075c72\/GettyImages-2219855898.jpg 3840w\" alt=\"The Strait of Hormuz helps transport 20 percent of the world's supply of oil (Murat Usubali\/Anadolu via Getty Images)\" data-chromatic=\"ignore\" data-nimg=\"fill\" \/><\/div>\n<\/div>\n<p><cite class=\"image-credit_imageCredit__YMlqS\">The Strait of Hormuz helps transport 20 percent of the world&#8217;s supply of oil (Murat Usubali\/Anadolu via Getty Images)<\/cite><\/p>\n<\/div>\n<p class=\"text_text__nEn66\">Stocks were also down on Sunday, but what does this all mean in terms of\u00a0money?<\/p>\n<p class=\"text_text__nEn66\">Well, according to Andy Lipow, president of the consulting firm Lipow Oil Associates, gas prices could go up by 75 cents per gallon.<\/p>\n<p class=\"text_text__nEn66\">In a note to clients on Sunday, he warned: \u201cShould oil exports through the Strait of Hormuz be affected, we could easily see $100 oil or an increase in US gas prices by 75 cents per gallon.&#8221;<\/p>\n<p class=\"text_text__nEn66\">Meanwhile, experts over the weekend warned that oil prices might to rise by about $5 per barrel.<\/p>\n<p class=\"text_text__nEn66\">Oil markets expert Patrick De Haan has also given his take on potential price hikes, writing\u00a0on Twitter: &#8220;Incorrect\/false rumors talk about an incoming massive spike to #gasprices. this is erroneous. incorrect on the highest order. I am expecting the national average price of gasoline to rise an additional 10-30c\/gal in the days ahead as of now.&#8221;<\/p>\n<div class=\"article-image_articleImage__eyzAn\">\n<div class=\"article-image_imageWrapper__ANtPE\">\n<div class=\"resizable-image_wrapper__LRQlr\"><img decoding=\"async\" class=\"article-image_image__XvzgU resizable-image_lowRes__5OkaL resizable-image_fadeOut___ZcLy\" src=\"https:\/\/images.ladbible.com\/resize?type=webp&amp;quality=1&amp;width=3840&amp;fit=contain&amp;gravity=auto&amp;url=https:\/\/images.ladbiblegroup.com\/v3\/assets\/blt949ea8e16e463049\/blt40b33f9f8cab0114\/685920a4efb76a33d41df830\/GettyImages-2220828740.jpg\" sizes=\"(max-width: 430px) 33vw, (max-width: 768px) 50vw, (max-width: 1024px) 50vw, 33vw\" srcset=\"https:\/\/images.ladbible.com\/resize?type=webp&amp;quality=1&amp;width=256&amp;fit=contain&amp;gravity=auto&amp;url=https:\/\/images.ladbiblegroup.com\/v3\/assets\/blt949ea8e16e463049\/blt40b33f9f8cab0114\/685920a4efb76a33d41df830\/GettyImages-2220828740.jpg 256w, https:\/\/images.ladbible.com\/resize?type=webp&amp;quality=1&amp;width=384&amp;fit=contain&amp;gravity=auto&amp;url=https:\/\/images.ladbiblegroup.com\/v3\/assets\/blt949ea8e16e463049\/blt40b33f9f8cab0114\/685920a4efb76a33d41df830\/GettyImages-2220828740.jpg 384w, https:\/\/images.ladbible.com\/resize?type=webp&amp;quality=1&amp;width=640&amp;fit=contain&amp;gravity=auto&amp;url=https:\/\/images.ladbiblegroup.com\/v3\/assets\/blt949ea8e16e463049\/blt40b33f9f8cab0114\/685920a4efb76a33d41df830\/GettyImages-2220828740.jpg 640w, https:\/\/images.ladbible.com\/resize?type=webp&amp;quality=1&amp;width=750&amp;fit=contain&amp;gravity=auto&amp;url=https:\/\/images.ladbiblegroup.com\/v3\/assets\/blt949ea8e16e463049\/blt40b33f9f8cab0114\/685920a4efb76a33d41df830\/GettyImages-2220828740.jpg 750w, https:\/\/images.ladbible.com\/resize?type=webp&amp;quality=1&amp;width=828&amp;fit=contain&amp;gravity=auto&amp;url=https:\/\/images.ladbiblegroup.com\/v3\/assets\/blt949ea8e16e463049\/blt40b33f9f8cab0114\/685920a4efb76a33d41df830\/GettyImages-2220828740.jpg 828w, https:\/\/images.ladbible.com\/resize?type=webp&amp;quality=1&amp;width=1080&amp;fit=contain&amp;gravity=auto&amp;url=https:\/\/images.ladbiblegroup.com\/v3\/assets\/blt949ea8e16e463049\/blt40b33f9f8cab0114\/685920a4efb76a33d41df830\/GettyImages-2220828740.jpg 1080w, https:\/\/images.ladbible.com\/resize?type=webp&amp;quality=1&amp;width=1200&amp;fit=contain&amp;gravity=auto&amp;url=https:\/\/images.ladbiblegroup.com\/v3\/assets\/blt949ea8e16e463049\/blt40b33f9f8cab0114\/685920a4efb76a33d41df830\/GettyImages-2220828740.jpg 1200w, https:\/\/images.ladbible.com\/resize?type=webp&amp;quality=1&amp;width=1920&amp;fit=contain&amp;gravity=auto&amp;url=https:\/\/images.ladbiblegroup.com\/v3\/assets\/blt949ea8e16e463049\/blt40b33f9f8cab0114\/685920a4efb76a33d41df830\/GettyImages-2220828740.jpg 1920w, https:\/\/images.ladbible.com\/resize?type=webp&amp;quality=1&amp;width=2048&amp;fit=contain&amp;gravity=auto&amp;url=https:\/\/images.ladbiblegroup.com\/v3\/assets\/blt949ea8e16e463049\/blt40b33f9f8cab0114\/685920a4efb76a33d41df830\/GettyImages-2220828740.jpg 2048w, https:\/\/images.ladbible.com\/resize?type=webp&amp;quality=1&amp;width=3840&amp;fit=contain&amp;gravity=auto&amp;url=https:\/\/images.ladbiblegroup.com\/v3\/assets\/blt949ea8e16e463049\/blt40b33f9f8cab0114\/685920a4efb76a33d41df830\/GettyImages-2220828740.jpg 3840w\" alt=\"Gas prices hiked amid concerns around Iran's next move (Brandon Bell\/Getty Images)\" data-chromatic=\"ignore\" data-nimg=\"fill\" \/><\/div>\n<\/div>\n<p><cite class=\"image-credit_imageCredit__YMlqS\">Gas prices hiked amid concerns around Iran&#8217;s next move (Brandon Bell\/Getty Images)<\/cite><\/p>\n<\/div>\n<p class=\"text_text__nEn66\">Of course, the full extent to which gas and oil prices are affected will all be down to what Iran does next and if if chooses to close the Strait of Hormuz.<\/p>\n<p class=\"text_text__nEn66\">However, experts say that such a move could only prove to antagonize and risk further military force from the US and its allies, and therefore ramp up the already escalating conflict.<\/p>\n<p class=\"text_text__nEn66\">Bob McNally, president of consulting firm Rapidan Energy Group and former energy adviser to George W. Bush, said: &#8220;It\u2019s possible they will decide the only thing that can dissuade President Trump is the fear of an oil price spike.<\/p>\n<p class=\"text_text__nEn66\">\u201cThey have to actually create that fear.\u201d<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Concerns around the world&#8217;s oil supply are growing following the US&#8217; attack on Iran Experts have expressed fears over the economic repercussions of Trump&#8217;s attack on Iran over the weekend as tensions continue to escalate in the Middle East. The world is still reacting\u00a0to\u00a0Trump&#8217;s\u00a0shock move to\u00a0launch strikes at three of Iran&#8217;s key nuclear facilities\u00a0on Saturday&#8230;<\/p>\n","protected":false},"author":1,"featured_media":18128,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_kad_post_transparent":"default","_kad_post_title":"default","_kad_post_layout":"default","_kad_post_sidebar_id":"","_kad_post_content_style":"default","_kad_post_vertical_padding":"default","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-18126","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Experts issue warning about how much gas prices will rise after Trump\u2019s Iran strikes - VM News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/news-vm.com\/?p=18126\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Experts issue warning about how much gas prices will rise after Trump\u2019s Iran strikes - VM News\" \/>\n<meta property=\"og:description\" content=\"Concerns around the world&#8217;s oil supply are growing following the US&#8217; attack on Iran Experts have expressed fears over the economic repercussions of Trump&#8217;s attack on Iran over the weekend as tensions continue to escalate in the Middle East. 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