Gas Prices In Focus After Iran Targets Key Oil Route

Filling up the gas tank could soon cost more as oil prices surge, as tensions escalate in the Middle East and Iran moves to cut off a critical oil route. 

Brent crude, the leading global price benchmark, jumped nearly 9% to $79.31 per barrel on Monday. Meanwhile, West Texas Intermediate crude, the U.S. benchmark, rose 6.2% on Monday to $71.19 per barrel. Retail gas prices move about 2.5 cents for every dollar crude oil moves. 

GasBuddy petroleum analyst Patrick De Haan warned some gas stations could be charging as much as 30 cents more per gallon by the end of the week if the rally continues. Analysts at Barclays said Brent crude could climb to $100 per barrel if supply concerns intensify. Currently, the median U.S. gas price is $2.79 per gallon. Haan says the national average is poised to reach the $3-per-gallon mark for the first time this year. 

Oil markets are rattled after Iran moved to restrict traffic through the Strait of Hormuz, a critical shipping lane that carries roughly 30% of the world’s seaborne oil. Producers in Saudi Arabia, Iraq, the UAE, and Kuwait all use the Strait to ship oil to consumers across the world. According to Reuters, vessels in the region are receiving marine radio warnings from Iran’s Revolutionary Guard instructing ships not to pass through the Strait of Hormuz.

Iran has not officially confirmed the directive. Amid escalating tensions, insurers told ship owners they would be canceling policies and raising coverage prices for vessels traveling through the strait. The Financial Times reported that the price for a ship traveling through the strait was about 25% of the ship’s value, but is now about 37.5% of the ship’s value. So a voyage that cost $250,000 through the strait last week would cost $375,000 this week. 

In response to the uncertainty, several oil companies have paused shipments of crude oil and fuel through the waterway. Prolonged disruption could push global energy prices even higher.

Former Energy Secretary Rick Perry, on Fox Business, praised President Donald Trump for increased domestic energy production that could help offset rising fuel costs. “Thanks to Donald Trump and the American oil and gas industry, we are producing more oil and gas than ever in history. And we will continue to do that. And given the signal, Americans and our allies, for that matter, can really develop a lot of oil and gas. We’ve got a lot of export facilities along the Gulf Coast of America.”

He added that while Iran can disrupt shipments in the Strait of Hormuz, he does not believe Iranians have the military capability to fully shut down the strait. “They don’t have the resources. They don’t have the Navy. They do not have the military force to be able to shut the Strait of Hormuz right now.”

President Trump said on Monday that the U.S. will continue strikes on Iran in the coming weeks. “Right from the beginning, we projected four to five weeks, but we have the capability to go far longer than that,” added the President.

Jim Carrey Clone Controversy Reaches Fever Pitch, Forces Official Response

Actor Jim Carrey was trending over the weekend after an appearance at the César Awards in Paris had fans wondering if the longtime actor was replaced by a clone.

Fans took note of how the 64-year-old actor looked different, which sparked numerous theories about plastic surgery, body doubles, or some other secret plot. The rumors reached a fever pitch when drag artist Alexis Stone seemed to indicate that he had impersonated Carrey at the event and posted images of prosthetics and a wig to his Instagram page.

The speculation became so intense that a spokesperson for the César Awards went on record saying it was the one and only Carrey attending the event alongside his family and friends.

“Jim Carrey’s visit has been planned since this summer,” Gregory Caulier told Variety in a statement. 

“From the outset, he was extremely touched by the Academy’s invitation. Eight months of ongoing, constructive discussions. He worked on his speech in French for months, asking me about the exact pronunciation of certain words,” he went on. “He came with his partner, his daughter, his grandson and 12 close friends and family members. His longtime publicist accompanied him. His old friend Michel Gondry, who has made a film and two series with him, was there, and they were delighted to see each other again.”

“For me, it’s a non-issue,” Caulier said of the clone speculation. “I just remember his generosity, his kindness, his benevolence, his elegance.” 

The “Ace Ventura: Pet Detective” star said during his speech that his family originally came from France before emigrating to Canada. “Tonight, with this magnificent honor, this square has come full circle,” Carrey told the audience upon receiving the honorary award. 

Fans were surprised by the actor’s appearance at the César Awards, which they claimed was totally different from how the actor looked and sounded at his last public appearance in November 2025 at the Rock & Roll Hall of Fame induction ceremony. 

These two videos are 4 months apart.

You cannot tell an entire generation of people that watched this mans face on repeat for over two decades, that the person in the second video in Paris is Jim Carrey.

Am I crazy? Where is Jim Carrey? pic.twitter.com/0L3Z50hgw4

— Jen X🗽 (@jenrenee) February 27, 2026

“4 months apart. Different eyes, different eye color, different brow shape. Teeth are different. It’s not age or surgery. Sounds different. Acts different. It’s a different person,” one X commenter noted after posting videos from both events side by side.

“I’m no conspiracy theorist but that’s not Jim Carrey,” another person agreed.

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