economicApr 1, 2026

Stopgap measures aren't enough to halt rising gas prices as the world scrambles for more oil

Summary

NEW YORK (AP) — Global leaders have been scrambling to contain the rising cost of oil and gasoline since the start of the Iran war, which took a record amount of oil off the market when tankers full of crude were stranded in the Persian Gulf and military strikes damaged refineries, pipelines and export terminals.

Source: CATHY BUSSEWITZ, Business Writer — Read the full report

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CATHY BUSSEWITZ, Business WriterBy CATHY BUSSEWITZ, Business Writer
NEW YORK (AP) — Global leaders have been scrambling to contain the rising cost of oil and gasoline since the start of the Iran war, which took a record amount of oil off the market when tankers full of crude were stranded in the Persian Gulf and military strikes damaged refinerie…

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