The jump in oil prices over the course of the U.S.’s war with Iran has pushed prices for many goods higher.

Oil prices extended gains on Wednesday as escalating tensions between the U.S. and Iran fueled concerns over further disruptions to Middle East energy supplies.

Oil prices moved closer to the $100-a-barrel mark on Wednesday, rising more than 1% for a fourth straight session as renewed tensions between US-Iran and continued to rattle the…