"The U.S.-Israel strikes on Iran have surged oil prices, and costs for consumers at the pump are expected to rise.
The price of global benchmark Brent Crude oil was at about $77 per barrel as of Monday afternoon, up from about $71 a week ago and about $66 per barrel a month ago.
U.S. gasoline prices were also up Monday following the weekend’s strikes, averaging about $3 per gallon nationwide, up 6 cents from a week ago and 12 cents from a month ago.
Analysts say the war could push prices further up in the weeks and months ahead."
Rachel Frazin reports for The Hill March 2, 2026.
SEE ALSO:
"What To Know About The Strait Of Hormuz, A Key Passageway Essential For Global Energy Supply" (AP)
"War in Iran Spiked Oil Prices. Trump Will Decide How High They Go" (WIRED)
"War in Iran Could Have ‘Historic’ Disruptions on Energy Markets" (Inside Climate News)
"Oil Prices Jump After Iran Attack, Pointing to Economic Risks" (New York Times)
