What does the US blockade of Iran shipping mean for gas prices?

What does the US blockade of Iran shipping mean for gas prices?
What does the US blockade of Iran shipping mean for gas prices?
Close-up of Chevron sign at a gas station, showing California gas prices, in Walnut Creek, California, April 8, 2025. (Photo by Smith Collection/Gado/Getty Images)

(NEW YORK) — The United States continued to mount a naval blockade of Iranian ports in the Strait of Hormuz on Thursday, exerting financial pressure on Tehran while at the same time choking off a source of oil amid a historic global shortage.

The move comes as Americans grapple with a surge in gasoline prices that threatens to eat away at household budgets and slow the economy.

Gasoline prices in the U.S. registered at $4.10 on average per gallon on Wednesday, standing about 35% higher than before the war, AAA data showed.

The blockade risks higher prices at the pump since oil trades on a global market, meaning a loss of supply in the Middle East could raise prices for Americans, some analysts said.

But, they added, the strategy may hasten a resolution of the war or reassure non-Iranian tankers otherwise hesitant to travel the strait, ultimately alleviating the oil shock and pushing down gas prices.

“This is an economic game of chicken,” Tyler Schipper, a professor of economics at the University of St. Thomas, told ABC News.

Ten vessels have been turned around at the Strait of Hormuz during the first 48 hours of the U.S. blockade, complying with U.S. orders, according to U.S. Central Command.

On Wednesday, the commander of the Khatam Al-Anbiya Central Headquarters of Iran’s armed forces said the U.S. blockade of Iranian ports is a “violation of the ceasefire,” in a statement published by the official Islamic Republic News Agency.

The war prompted Iran’s effective closure of the Strait of Hormuz, a critical waterway that facilitates the transport of 20 million barrels of oil per day, or about one-fifth of the global supply.

Iran continued to export nearly 2 million barrels of oil each day through the strait, blunting some of the supply loss, according to energy data firm Kpler.

Still, in March, oil prices notched their largest one-month gain ever, the International Energy Agency said in a new report on Tuesday.

The potential loss of Iranian oil exports amid the blockade could deepen the supply shock and raise gasoline prices further, some analysts said.

“The move toward a full blockade of the Strait of Hormuz is compounding global supply concerns and risks further disrupting flows,” GasBuddy petroleum analyst Patrick De Haan said in a post on X on Monday.

Car owners, De Haan added, “should prepare for another round of price increases.”

Jason Miller, a professor of supply chain management at Michigan State University, echoed such concern.

“It’s unclear to me how this moves to quickly solve the problem that vessels aren’t transiting the Strait of Hormuz,” Miller told ABC News. “Every day this continues, it gets worse and worse and worse.”

Price hikes have not come to pass over the initial days of the blockade, however.

West Texas Intermediate futures price, the benchmark index for U.S. trading, clocked in at about $92 a barrel on Wednesday, marking a nearly 10% drop since the blockade began at 10 a.m. Eastern Time on Monday.

Even so, U.S. oil prices remain about 40% higher than pre-war levels.

The national average price of a gallon of gas as of Wednesday stood 1.4% lower than a week earlier.

The ceasefire between the U.S. and Iran entered its second week, appearing to boost hopes of a resolution to the war.

President Donald Trump reiterated his desire to wind down the conflict, meanwhile, saying the war is “very close to over” in a portion of an interview with Fox News’ Maria Bartiromo that aired on Tuesday.

Rather than restrict oil supply, the U.S. blockade could ultimately add crude to the market if the naval presence reassures non-Iranian ships otherwise unwilling to sail through the strait, Dominic Pappalardo, chief multi-asset strategist at Morningstar Wealth, told ABC News.

“For countries other than Iran, does the blockade give them more trust for sending oil through the strait?” Pappalarado said. “If other countries start to gain confidence, you could see other shipments pick up for non-Iranian vessels pushing through the strait, which would help alleviate upward pressure on the price.”

As of Monday, tanker traffic remained well below pre-war levels after the blockade had taken effect, Kpler said in a post on X. Six vessels sailed through the strait on Monday, Kpler said, marking a decline from 14 vessels a day prior.

The conditions in the strait remain in flux, some analysts said, leaving a wide range of possible outcomes.

“There’s still tremendous uncertainty,” Miller said.

Copyright © 2026, ABC Audio. All rights reserved.

‘Massive’ Russian attack on Ukraine kills 16, injures at least 100, Ukrainian officials say

‘Massive’ Russian attack on Ukraine kills 16, injures at least 100, Ukrainian officials say
‘Massive’ Russian attack on Ukraine kills 16, injures at least 100, Ukrainian officials say
A large fire burns near a shopping center following an overnight Russian missile strike in the Podilskyi, Obolonskyi, Shevchenkivskyi and Desnianskyi districts, on April 16, 2026 in Kyiv, Ukraine. (Photo by Kostiantyn Liberov/Libkos/Getty Images)

(LONDON) — At least 16 people were killed and another 100 were injured in Ukraine as Russia targeted the country with a “massive” drone and missile attack on Wednesday and into Thursday morning, Ukrainian officials said.

Russia launched almost 700 drones and 19 ballistic missiles, along with cruise missiles, President Volodymyr Zelenskyy said. Ukraine shot down about 636 drones and “some” of the missiles, he added, saying, “Unfortunately, not all.”

At least 16 people were killed across Ukraine, officials said. Zelenskyy said at least 100 people had been reported wounded “as of now.”

“Tragically, there are fatalities in Odesa, Kyiv, and Dnipro,” he said in a social media post. “Among those killed is a boy — he was 12 years old. My condolences to the families and loved ones.”

Most of the missiles targeted Kyiv, the capital, the president said, but damage and deaths were also reported across the country. Some missiles or drones that made it through Ukraine’s defenses struck and damaged residential buildings, Zelenskyy said.

“Another night has proven that Russia does not deserve any easing of global policy or lifting of sanctions,” Zelenskyy said. “Russia is betting on war, and the response must be exactly that: we must defend lives with all available means, and we must also apply pressure for the sake of peace with the same full force.”

Russia has chosen to “deliberately terrorise civilians” with its attacks on residential areas, Antonio Costa, the European Council president, said on Thursday. The EU would continue to “increase pressure” on Moscow, he said.

“Russia must stop this war of terror,” Costa said. “A comprehensive, just, and lasting peace for Ukraine based on the principles of the U.N. Charter and international law must be achieved.”

Russian officials said on Thursday that Ukraine launched its own barrage of drones targeting several areas in Russia. Moscow said its military downed more than 200 drones. At least one Ukrainian drone struck a port on Russia’s Black Sea coast, along with other coastal cities, the local governor said.

Copyright © 2026, ABC Audio. All rights reserved.

In brief: ‘Good Omens’ season 3 finale trailer and more

In brief: ‘Good Omens’ season 3 finale trailer and more
In brief: ‘Good Omens’ season 3 finale trailer and more

The official trailer for the third and final season of Good Omens has arrived. Michael Sheen and David Tennant star in the season 3 finale, which is being presented in the form of one 90-minute episode. This series finale will debut to Prime Video on May 13 …

Demi Moore is joining the cast of the upcoming film Tyrant. Deadline reports that Moore has joined the Amazon MGM Studios film in a key role alongside other stars Charlize Theron and Julia Garner. The movie is described as a culinary thriller set within New York City’s elite fine-dining scene. It comes from writer and director David Weil …

The cast of season 4 of Perfect Match has been unveiled. Netflix has revealed the singles from across many different reality TV shows who will take part in the fourth season of the dating competition show. This time around, notable cast members include Vanderpump Rules star Ally Lewber, as well as Love is Blind‘s Jimmy Presnell. Perfect Match season 4 premieres on May 13 …

Copyright © 2026, ABC Audio. All rights reserved.

Scoreboard roundup — 4/15/26

Scoreboard roundup — 4/15/26
Scoreboard roundup — 4/15/26

(NEW YORK) — Here are the scores from Wednesday’s sports events:

NATIONAL BASKETBALL ASSOCIATION
Magic 97, 76ers 109
Warriors 126, Clippers 121

NATIONAL HOCKEY LEAGUE
Maple Leafs 1, Senators 3
Sharks 2, Blackhawks 5
Kraken 1, Golden Knights 4
Stars 4, Sabres 3
Rangers 4, Lightning 2
Red Wings 1, Panthers 8

MAJOR LEAGUE BASEBALL
Rays 8, White Sox 3
Blue Jays 1, Brewers 2
Rockies 1, Astros 3
Mariners 6, Padres 7
Rangers 5, Athletics 6
Mets 2, Dodgers 8
Diamondbacks 8, Orioles 5
Guardians 3, Cardinals 5
Red Sox 9, Twins 5
Cubs 11, Phillies 2
Royals 1, Tigers 2
Giants 3, Reds 8
Nationals 0, Pirates 2
Angels 4, Yankees 5
Marlins 3, Bruins 6

 

Copyright © 2026, ABC Audio. All rights reserved.

‘What He’ll Never Have’: Why Dylan Scott’s son shouldn’t expect a check from dad just yet

‘What He’ll Never Have’: Why Dylan Scott’s son shouldn’t expect a check from dad just yet
‘What He’ll Never Have’: Why Dylan Scott’s son shouldn’t expect a check from dad just yet
Dylan Scott (Disney via CMA/Kayla Schoen)

Dylan Scott’s son Beckett Scott Robinson has been interested and involved in what his dad does for a living ever since he was singing “Old Town Road” as a toddler back in 2019.

The 8-year-old finally got to make his studio debut late last year on his dad’s “Two Christmas Trees” recording. 

“He crushed it, man. I was a proud dad, for sure,” the “My Girl” hitmaker says. 

While Dylan’s always been supportive, he’s starting to think he may need to slow down Beckett’s musical ambitions a bit.

“He’s getting the big head his own self. I gotta back him down a little bit,” the father of three tells ABC Audio. “I got him out onstage with me this summer, and now anytime he’s on the road with me, he wants to be onstage.”

“Now he’s singing, he’s doing the gritty, he’s taking his hat off and throwing it to the fans, which is costing me money because I gotta buy him more hats. I’m like, ‘Hey son, settle down a little bit.'”

Dylan’s oldest was also hoping for a check.

“He even had the nerve to ask me, he said, ‘Well Dad, so you get paid to do this, so when I come out there, do I get paid as well?’ I said, ‘Absolutely not. [You’re] not piggybacking off of my hard work,'” he reveals.

It seems Beckett needn’t worry about cash flow at the Robinson household, however, as his dad’s latest hit, “What He’ll Never Have,” is currently #3 and rising on the Mediabase chart.

Copyright © 2026, ABC Audio. All rights reserved.

Rick Ross says Drake has ‘a lot of issues’ to address before reconciliation

Rick Ross says Drake has ‘a lot of issues’ to address before reconciliation
Rick Ross says Drake has ‘a lot of issues’ to address before reconciliation
Rick Ross hosts a Media Mixer at Belaire Headquarters on June 02, 2025, in Atlanta, Georgia. (Photo by Julia Beverly/WireImage)

Rick Ross and Drake have been on the outs for some time, but Rick says reconciliation is only possible if Drake does the work.

“Homie got a lot of issues he got to address. I’ma leave it right there,” he told the Thoughts in a Culli YouTube show. “Is it any potential of him being a real n****? He gotta decide that. … But he got s*** he gotta deal with and address. And, you know, hopefully, it was a lot of n***** that was watching and learned from it. It was unfortunate for him.”

The two had collaborated on a few songs ahead of their feud, which stemmed from Drake throwing shade at Rozay in his song “Push Ups.” Though they are no longer speaking, Rick said he continues to perform those records because they remain a part of his discography.

“You never change your past,” he said. “The music I’ve created in the past, I could never change. I enjoyed it and I’ma still enjoy it. Can’t no lame n**** or nobody having differences make me not enjoy something that I was a part of.”

“The sad part about it is, when I play those records, everybody just be standing and they don’t sing his part no more,” he added. “I be like, ‘No, y’all can sing it. Sing the little man part.'”

On “Push Ups,” Drake threw a few shots Rick’s way. “Every song that made it on the chart, he got from Drizzy,” he rapped. Rick responded with his diss track “Champagne Moments.”

Copyright © 2026, ABC Audio. All rights reserved.

Rock & Roll Hall of Fame president explains fan vote, induction #2 for Phil Collins

Rock & Roll Hall of Fame president explains fan vote, induction #2 for Phil Collins
Rock & Roll Hall of Fame president explains fan vote, induction #2 for Phil Collins
Two-time Rock & Roll Hall of Fame inductee Phil Collins (Courtesy Rock & Roll Hall of Fame)

Despite winning the Rock & Roll Hall of Fame fan vote this year, New Edition failed to make the cut for induction when the honorees were announced. Other acts who did well in the fan vote, including Pink, Shakira and INXS, also didn’t get in, and Rock & Roll Hall of Fame President Greg Harris tells ABC Audio why that is.

Despite 9 million fan votes being cast this year, Harris explains, “In the end, the fan vote really counts for just a singular ballot in the bigger process.” Simply put, the fan vote results are treated as one ballot, among the 1,200 other ballots that go out to voting members.

“The reason for that is because it would mean that the artists with the biggest social media following, they would always be dominating in a fan vote,” Harris says.

However, he notes, “Those that have received a strong showing [in the fan vote], many of them ultimately have been inducted.” Dave Matthews Band, for example, won in 2020 but didn’t get in until 2024.

On the other hand, Phil Collins, already in the Hall as a member of Genesis, was #2 in the fan vote. He got in on his first time on the ballot, though Harris says he’s someone whose “name has come up” over the years.

“His solo career really was one of the defining careers of the eighties. His music was everywhere,” Harris says of Collins. “But then I think what really added to that was he’s also such an in-demand collaborator and session musician.”  

Indeed, Collins has worked with dozens of other artists, including Eric Clapton, Robert Plant and Paul McCartney, and his songs are among rappers’ favorites to sample. 

The Rock & Roll Hall of Fame Induction Ceremony will debut on ABC and Disney+ in December.

Disney is the parent company of ABC News.

Copyright © 2026, ABC Audio. All rights reserved.

Why the voices of HUNTR/X can’t just go on tour right now

Why the voices of HUNTR/X can’t just go on tour right now
Why the voices of HUNTR/X can’t just go on tour right now
REI AMI, EJAE and Audrey Nuna perform at the 98th Academy Awards, March 15, 2026, Hollywood (Disney/Frank Micelotta)

Now that “Golden” has won an Oscar and a Grammy, what’s next for the three women who sang that song as the voices of KPop Demon Hunters‘ HUNTR/X? It seems the one thing that people really want is something they may not be able to provide.

EJAE, Audrey Nuna and REI AMI — the Women of the Year for Billboard‘s 2026 Women In Music issue and event — speak to Billboard about what they want to do next as a unit. “We could tour together,” says EJAE.

“I mean, people have been asking for a tour,” says REI. “We, unfortunately, do not hold that power.” She’s referring to the fact that Netflix owns the rights to KPop Demon Hunters.

“We don’t, but that’d be cool,” EJAE adds. “It would be cool,” agrees REI. Then, addressing the fans, she adds, “You got to demand it more, though!”

“I just can’t even imagine the memories we would make on tour,” adds Audrey Nuna. “Honestly, I feel like a theater kid again when I’m around you guys. There’s just this excitement of, like, our teams squadding it up together.”

EJAE suggests if they do get the nod, they could recreate the scene in the film where the trio sing “How It’s Done” on the HUNTR/X jet. “That’d be sick,” she says.

While we wait for that, EJAE says, “We would love to write together;” REI suggests, “We should start a [record] label.”

As for the KPop Demon Hunters sequel set for 2029, that’s another waiting game. EJAE says they “don’t really know” if they’re involved, and Audrey reveals, “We’re also waiting for the call.”

“We are,” agrees EJAE. “Stay tuned, guys.”

Copyright © 2026, ABC Audio. All rights reserved.

Rock & Roll Hall of Fame President Greg Harris talks Phil Collins & Billy Idol’s induction

Rock & Roll Hall of Fame President Greg Harris talks Phil Collins & Billy Idol’s induction
Rock & Roll Hall of Fame President Greg Harris talks Phil Collins & Billy Idol’s induction
Phil Collins October 16, 1986 in Inglewood, California. (Photo by Bob Riha, Jr./Getty Images)/Billy Idol performs on ‘American Idol’ (Disney/Eric McCandless)

Phil Collins and Billy Idol are among the 2026 Rock & Roll Hall of Fame inductees, and Rock Hall president Greg Harris has no doubt that they are deserving of the honor.

Harris tells ABC Audio that Collins’ induction is “a fitting tribute to him as an individual artist.”

“If you think of the number of years he was in Genesis and the number of years that he’s been Phil Collins, it’s recognizing that important part of his career in that moment,” he says.

Of course, Collins was previously inducted into Rock Hall in 2010 as a member of Genesis, and getting in a second time is “quite a distinction,” according to Harris.

“There aren’t a lot of people that are inducted more than once,” Harris says, noting Collins is being recognized this time because “his solo career really was one of the defining careers of the eighties. His music was everywhere.”

As for Idol, Harris says the “Rebel Yell” rocker is worthy of the Rock Hall because of his “full-on rock and roll attitude, lifestyle, image.”

“He’s for real and absolutely he’s impacted and influenced numerous artists that have come after him,” he says. “So we’re thrilled that he’s joining the Rock & Roll Hall of Fame.” 

The 2026 Rock & Roll Hall of Fame induction ceremony will take place Nov. 14 at the Peacock Theater in Los Angeles and will be taped for broadcast in December on ABC and Disney+.

Disney is the parent company of ABC News.

Copyright © 2026, ABC Audio. All rights reserved.

Director Morgan Neville on filming Lorne Michaels for new doc: ‘It was like making a nature documentary’

Director Morgan Neville on filming Lorne Michaels for new doc: ‘It was like making a nature documentary’
Director Morgan Neville on filming Lorne Michaels for new doc: ‘It was like making a nature documentary’
Lorne Michaels stars in director Morgan Neville’s documentary ‘Lorne.’ (Focus Features)

For decades, Lorne Michaels has made America laugh as the man behind the scenes of NBC’s Saturday Night Live. But for the most part he’s remained just that, behind the scenes.

The new documentary Lorne aims to change that, although its director, Morgan Neville, tells ABC Audio Michaels didn’t make it easy.

“I mean, the first day of shooting is literally what you see in the documentary, which is the cameras come out of the bags and Lorne vanishes,” Neville says. “Slowly, we got closer and closer. It was like making a nature documentary, and he kind of became a little more used to it.”

But while Michaels didn’t like talking about himself, plenty of people had no problem talking about him, with Michaels’ famous friends and colleagues, like Paul Simon, Steve Martin, Tina Fey, John Mulaney, Adam Sandler and more, contributing to the film.

“People do love to talk about Lorne, because for all of them, he looms large in their own stories,” says Neville. “You know, for a lot of them, he’s the reason they became famous or successful.”

The film also takes viewers inside the making of SNL, with cameras filming parts of the process most regular folks never get to witness.

Neville says the SNL footage was important because the film’s “not just Lorne’s backstory, but the dynamics he’s created and really the culture,” noting he wanted to capture that “while it still exists.”

And while moviegoers will indeed learn a lot about Michaels, they may still come away thinking he’s a bit of a mystery, and Neville’s OK with that.

“You know, Lorne is the Wizard of Oz, and on the one hand you want to learn about the Wizard of Oz,” he says, “but you also don’t want to demystify him to the point where he’s not the wizard anymore.” 

Lorne opens in theaters Friday.

Copyright © 2026, ABC Audio. All rights reserved.