US Gas Prices Hit Highest Ever Recorded for August as Iran Talks Stall

U.S. gas prices have reached an all-time high for August amid stalled negotiations with Iran. AAA data showed the national average rising past $4 a gallon, driven by renewed concerns over oil supply. Prices had temporarily eased after an earlier preliminary U.S.-Iran agreement suggested the Strait of Hormuz might reopen. With fighting escalating and the maritime route again at risk, gasoline costs climbed quickly. Analysts say the situation could keep pressure on household budgets and fuel broader inflation.