U.S. Crude Jumps Over 11% After Trump Vows More Iran Attacks

National gas average exceeds $4 as U.S., Iran war continues

Apr. 2, 2026 at 8:30pm

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A geometric abstract illustration using bold primary colors and clean lines to conceptually represent the sharp rise in oil and gas prices due to geopolitical tensions.Soaring oil and gas prices reflect the growing instability in global energy markets amid the ongoing conflict between the U.S. and Iran.Houston Today

U.S. oil prices jumped more than 11% after former President Trump vowed to launch additional attacks on Iran in the coming weeks, further disrupting global crude oil supply and driving up gas prices across the country.

Why it matters

The escalating tensions between the U.S. and Iran have already led to supply chain disruptions and production cuts, causing gas prices to surge past $4 per gallon nationally. Any further military action could exacerbate the energy crisis and lead to even higher fuel costs for American consumers.

The details

Following a joint U.S. and Israeli operation that targeted Iranian oil infrastructure, former President Trump pledged to order more attacks on Iran over the next 2-3 weeks. This sent U.S. crude oil futures soaring by over 11%, further driving up the national average gas price which has now exceeded $4 per gallon.

  • The joint U.S. and Israeli operation disrupting Iranian oil supply occurred in recent weeks.
  • Former President Trump vowed to order more attacks on Iran over the next 2-3 weeks.

The players

Donald Trump

The former President of the United States who vowed to order more attacks on Iran.

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What they’re saying

“We're going to hit them extremely hard over the next two to three weeks,”

— Donald Trump, Former President

The takeaway

The escalating conflict between the U.S. and Iran is causing significant disruptions to global oil supply and driving up gas prices for American consumers, underscoring the fragility of the energy market and the need for long-term solutions to reduce reliance on foreign oil.