The Iran war is turning into an economic and political problem for Trump and Republicans, bad news for drivers and for anyone hoping for a quick peace deal.

• Gas prices are above $4 a gallon and energy costs are climbing because oil and gas shipments through the Strait of Hormuz have been disrupted.
• Trump administration officials are giving wildly different numbers for how much oil is still moving through the strait, while outside trackers put the figure far lower than either claim.
• Iran says it wants a deal but will fight a long war if attacked further, and warns that hitting its main oil export terminal would mean blowing up oil infrastructure across the region.
• Iran offered a seven-day ceasefire in exchange for sanctions relief and unfrozen assets; Trump rejected it and signaled more bombing after the midterms.
• Even Fox commentators admit the war is costing Trump support like no other issue, while new weapons packages for Israel add to a debt load that already has bond investors nervous.

Outlook: With diplomacy stalled and both sides blaming the other for breaking the last agreement, expect more strikes, higher energy prices, and growing political damage heading into the midterms.