Higher oil prices will cause an almost immediate jump in gasoline prices, as well, experts say.

Oil prices rose on fears of war. Now the U.S. and Israeli military strikes on Iran could disrupt oil exports and drive up gas prices.

A halt on trade flows through the strait of Hormuz could spell trouble for many developed economies

Markets around the world could tumble on Monday and motorists are likely to pay more at the pump

It is unclear who is governing Iran, the fourth-largest oil producer in OPEC, after U.S.-Israel strikes killed Ayatollah Ali Khamenei.

Effects of extended conflict between US and Iran could also lead to higher interest rates and hit economic growth

Higher oil prices will cause an almost immediate jump in gasoline prices, as well, experts say.

A near-halt to shipping in strait of Hormuz and attacks on Middle East refineries are threatening supplies and stoking inflation

The price of crude oil rose to $80 a barrel and the price of natural gas jumped 30% after Iran effectively sealed off the strategic Strait of Hormuz.

Gas and home heating oil prices are on the rise as energy infrastructure falls victim to the escalating Iran war.