American Automobile Association

organization

Last mentioned: Mar 9, 2026

Timeline

  1. Retail Impact

    AAA reports national gas average hits $3.41 per gallon amid supply fears.

  2. Market Record

    U.S. crude settles at $91/bbl, the largest weekly gain on record.

  3. Hormuz Blockade

    Tehran targets shipping in the Strait of Hormuz, effectively closing the passage.

  4. Conflict Outbreak

    Hostilities begin between U.S.-Israeli forces and Iran.

Stories mentioning American Automobile Association 1

market-trends Bearish

Global Energy Shock: Iran Conflict Disrupts 20% of World Oil Supply

The escalating conflict between the U.S.-Israeli coalition and Iran has triggered a 25% surge in global oil prices, with the Strait of Hormuz effectively closed to traffic. Analysts warn of a prolonged energy crisis as physical infrastructure damage and shipping risks threaten to push crude prices above $100 per barrel.

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