The US attacked a second oil tanker near the waters of Jask, according to a report by IRIB News. The incident signals a further escalation of maritime activity in the area.

Reported incident near Jask

IRIB News reported that the US carried out an attack on a second oil tanker in the vicinity of Jask. No further details regarding the vessel, its cargo, ownership, or the circumstances of the attack were provided in the source report.

Context of the report

The report originates from IRIB News, an Iranian state broadcaster. The waters near Jask, located along Iran's southern coastline on the Gulf of Oman, have been a focal point of maritime tensions. The source data does not provide additional specifics on casualties, damage, or official responses from any party.

US gasoline prices reached a record high of $4.14/gallon heading into the Labor Day weekend, surpassing the previous peak set in 2012. Rep. Ro Khanna (D-Calif.) criticized President Donald Trump for the economic impact of the ongoing conflict with Iran.

Khanna stated on X that the average price at the pump was $4.14, compared to the last Labor Day weekend record high of $3.82. He asked, "Is this what winning looks like?" and called for an end to the war so the economy can recover.

Record Gasoline Prices

Data from the American Automobile Association (AAA) confirms the surge. The national average gas price breached the previous 2012 record of $3.82/gallon.

Prices typically decline in late summer as producers switch to winter blends. However, despite the Trump administration authorizing an earlier shift to winter blend gasoline, pump prices remain elevated due to supply-side pressures from the Iran conflict.

Political and Market Reactions

Sen. Bernie Sanders (I-Vt.) also blamed the Iran war for higher fuel costs, citing a $4.15-per-gallon national average over the weekend. He stated the war was "wreaking havoc on the economy" and called for it to end immediately.

Obsidian Risk Advisors Managing Principal Brett Erickson noted that Trump has lost influence over oil markets as tensions push oil toward $100/barrel. Erickson highlighted that diesel prices are reaching all-time highs while gasoline hits Labor Day records.

Energy Secretary Chris Wright previously stated that gasoline prices were "more likely to go down than go up," citing futures prices more than 30 cents per gallon below current levels. However, GasBuddy analyst Patrick De Haan warned that even if prices fall below $4/gallon, they may still be the most expensive ever for that time of year.

Market Outlook

Trump asserted that oil prices will drop precipitously once the US wins the war, projecting $2/gallon gasoline. At press time, West Texas Intermediate (WTI) crude futures for October 2026 traded at $92.95. Brent crude futures for November 2026 rose 0.52% to $97.58.

What the Numbers Show

The divergence between policy action and market reality is evident. While the administration authorized early winter blend shifts to lower costs, AAA data shows prices breached the previous 2012 record of $3.82/gallon, reaching $4.14/gallon. This suggests supply-side pressures from the Iran conflict are overriding domestic regulatory adjustments.