US gasoline prices have surged past $4 per gallon for the first time in four years after an Iranian blockade of the Strait of Hormuz disrupted global oil supplies.Donald Trump indicated that military strikes against Iranian oil facilities remain a possibility if a negotiated settlement is not reached soon.The energy crisis has pushed Brent crude oil prices above $100 per barrel while causing significant volatility for the S&P 500 and other major stock indices.Rising fuel and transportation costs are heightening inflation concerns for the
Federal Reserve as American households face increased economic pressure.