Oil prices climb again as tensions with Iran push gas higher in Oregon

CNN is reporting, global oil prices are rising again amid escalating tensions with Iran, a shift that is beginning to show up at the pump in Oregon and across Central Oregon.

On Sunday, crude oil prices climbed to their highest level since July 20–22. Brent crude, the global benchmark, rose nearly 3% to just over $106 a barrel. U.S. oil also increased, gaining about 2.6% to reach $101 a barrel.

The price jump follows comments from President Donald Trump suggesting the war with Iran could continue for several more weeks. Iran has been blocking oil tankers from moving through the Strait of Hormuz, a critical shipping route that carries roughly 20% of the world’s oil supply. Over the weekend, Trump called on the international community to help reopen the strait.

The global uncertainty is already affecting drivers closer to home. According to AAA, gas prices across Oregon have been climbing, with the statewide average for regular gasoline sitting around $4.46 per gallon.

In Bend, drivers are paying slightly more, with regular unleaded averaging about $4.47 per gallon. Analysts say if oil prices continue rising and shipping disruptions persist, prices at the pump could increase further in the coming weeks.