US-Iran Conflict May Extend to Late April, Pushing Gas Prices Above $4

U.S. military operations in Iran may extend through April 30, 2026, after President Donald Trump stated on April 2 that remaining objectives require two to three additional weeks, revising prior conflict timelines. The escalation drove Brent crude up 7.8% to $109 a barrel and West Texas Intermediate crude 11% to $111, indicating retail gasoline could routinely exceed $4 a gallon. The 10-year U.S. Treasury yield fell to 4.31% on safe-haven demand, while the S&P 500 closed higher, posting its largest weekly gain since January 2026 amid reports of a proposed Iran-Oman Strait of Hormuz shipping monitor. Analysts warn that prolonged combat and regional supply constraints will sustain elevated energy costs, pressuring consumer and corporate spending. A diplomatic resolution within weeks may contain second-quarter economic disruption, but a conflict extending beyond six weeks risks triggering a broader growth slowdown.