House Speaker Mike Johnson stated that the Iran conflict requires resolution, warning that disruptions in the Strait of Hormuz directly impact U.S. gasoline and grocery prices. He emphasized that closing the waterway affects commerce and household expenses.

Johnson noted that Operation Epic Fury successfully prevented Iran from acquiring nuclear capability. "But now we’ve got to bring that to a resolution," he said in a local television interview on Wednesday. He did not outline specific steps to end the war but acknowledged the economic strain on consumers.

Fuel prices surge amid supply concerns

Energy Information Administration data highlight the severity of the price increases. U.S. regular gasoline averaged $4.478 per gallon for the week ended September 21, marking a rise of $1.305 from a year earlier. On-highway diesel reached $6.529, an increase of $2.780 year over year.

The surge in diesel costs has raised concerns across trucking, agriculture, and consumer goods sectors. Associated Press reports indicate growing voter frustration with national gasoline prices hovering around $4.50, affecting even some Trump supporters.

Hormuz traffic drops significantly

EIA data reveals a sharp decline in petroleum shipments through the Strait of Hormuz. The volume averaged 4.9 million barrels per day in the second quarter, down from 21.6 million barrels per day in the fourth quarter of 2025. The agency identifies Hormuz as one of the world’s most critical oil chokepoints.

Political pressure for relief measures

Republican lawmakers are proposing various measures to mitigate the impact. Ashley Hinson and Mike Rogers called for a swift end to the conflict, suggesting suspending gasoline taxes and limiting diesel exports. Senate Majority Leader John Thune indicated the U.S. could explore export restrictions.

Johnson expects prices to stabilize if the waterway reopens. "I think as soon as the Strait of Hormuz is reopened … then the president’s right. Gas prices come back down," he said.

The Islamic Revolutionary Guard Corps reported that an oil tanker exploded and caught fire after striking mines in the Strait of Hormuz. The incident was confirmed by Reuters, citing Fars News as the source of the information.

Incident Details

The IRGC attributed the explosion to the vessel hitting mines within the strategic waterway. No further details regarding the identity of the tanker, the extent of the damage, or potential environmental impact were provided in the initial report.

Source Attribution

Reuters relayed the information based on a report from Fars News. The agency did not provide independent verification or additional context regarding the operational status of the Strait of Hormuz following the event.