‘Prices could surge past $100’: What the Iran war means for gas prices — and how to lower your car costs now

Because there are few practical alternative routes, even the perception of disruption can send gas prices higher. In 2025, analysts said even a partial shutdown of the Strait of Hormuz would drive Brent crude past $100 per barrel — and possibly above $110 if the disruption dragged on (4).At the heart of this sensitivity is the Strait of Hormuz, a narrow waterway between Iran and Oman that serves as a chokepoint for global oil trade. Roughly 20% of the world’s petroleum liquids and about one-fifth of all liq ...