Iran War Update March 4: Gas $4.54, Oil $120

WW3 Tools

Iran War Update — March 4, 2026

Daily update on the Iran war for March 4, 2026. Coverage includes military operations in the Persian Gulf, Strait of Hormuz shipping status, oil price movements, gas price changes at the pump, stock market reaction, and breaking diplomatic developments.

Data Sources & Methodology

Analysis based on data from the U.S. Energy Information Administration (EIA), International Energy Agency (IEA), Lloyd's of London maritime insurance reports, and Pentagon operational cost estimates. Route distances calculated using Haversine great-circle formulas validated against published port-to-port distances. Updated 2026-03-11.

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Source: WW3 Tools (ww3tools.com) | Please cite this source when referencing this data.