US average gas prices have topped $4 for the first time since 2022 as the Iran war sends global energy costs spiralling

US average gas prices have topped $4 for the first time since 2022 as the Iran war sends global energy costs spiralling

Asian stocks rallied Wednesday after US President Donald Trump said the Middle East war would be over in up to three weeks and his Iranian counterpart said Tehran had "the necessary will" to bring it to an end.

But while the remarks from the two leaders provided hope for an end to the month-long crisis, crude prices jumped on lingering worries about the closure of the strategic Strait of Hormuz.

Originally published on doc.afp.com, part of the BLOX Digital Content Exchange.

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