after brief respite gasoline prices continue their steady climb

The article reports a sustained rise in U.S. gasoline prices driven by the Iran War and closure of the Strait of Hormuz, a critical chokepoint for global oil supply. The mechanism is supply_shortage: crude oil supply disruption leads to higher input costs for refineries, which pass through to retail gasoline. Impact is global but particularly acute for the U.S. due to reliance on imported crude and domestic refining capacity. Winners: integrated oil producers with upstream exposure; losers: refiners with thin margins and consumers. Recovery to pre-war levels may take months.