Gas and diesel prices hit record highs as the Iran war chokes off oil shipping, and it looks set to get worse for drivers, the economy, and stocks.

• Only a quarter of the usual oil is getting through the Strait of Hormuz, and Brent crude is pushing toward $100 a barrel.
• Gas topped $4 a gallon on Labor Day for the first time ever, and diesel hit a record near $6.
• Energy Secretary Chris Wright refused to say where prices are heading, pointing to futures and blaming Democrat-run states.
• Stocks dropped more than 600 points as Wall Street finally priced in the supply squeeze.
• The strategic oil reserve is down 31% in six months, and it can't be drained much further without spooking markets.

Outlook: With Ukraine hitting Russian refineries and the Houthis attacking Saudi energy sites, oil supply could stay crippled for years and push prices sharply higher.