US gas prices surge as talks reach impasse
Key Points:
- President Trump faces a May 1 deadline under the War Powers Resolution to seek congressional approval to continue the war on Iran, with some Republicans opposing further fighting; he may extend operations by 30 days without approval.
- Lebanese President Joseph Aoun accused Israel of violating international laws by targeting civilians and emergency workers after Israeli airstrikes killed three Lebanese rescue personnel during a mission in southern Lebanon.
- U.S. gas prices have surged about 40% since the U.S.-Israel attack on Iran began, reaching the highest level since 2022 at $4.18 per gallon, amid stalled negotiations and fears of a prolonged global energy crisis.
- The United Arab Emirates announced it is quitting OPEC and OPEC+, weakening the group amid the energy shock caused by the Iran war; the UAE cited strategic energy considerations and did not consult Saudi Arabia before the decision.
- Israeli strikes and evacuations continue in southern Lebanon despite a ceasefire extension, with ongoing hostilities between Israel and Hezbollah; U.S. Marines have also boarded vessels in the Arabian Sea enforcing a naval blockade on Iranian oil shipments.