Gas prices see biggest spike since 2005

Gas prices in the U.S. saw a significant one-day increase, rising 11 cents to an average of $3.11 per gallon, marking the biggest jump since Hurricane Katrina in 2005. This surge follows U.S. and Israeli strikes on Iran and the subsequent closure of the Strait of Hormuz, a crucial global oil route. In response, Iran has launched retaliatory attacks targeting oil infrastructure in several U.S.-allied nations in the region.