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With Iran launching attacks on oil tankers to drive up oil prices, President Trump is now urging allies to send ships to help escort tankers through the Strait of Hormuz. NBC News' Gabe Gutierrez reports.
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Oil prices jumped over 2% on Tuesday as uncertainty lingered over a U.S.-led coalition to protect shipping through the Strait of Hormuz.
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U.S. gasoline prices are up nearly 80 cents from a month ago, while diesel prices have shot up even more. Diesel is now just under $5 a gallon, according to AAA, up $1.34 from last month.
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