"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. [2]

SEE ALSO:

"What To Know About The Strait Of Hormuz, A Key Passageway Essential For Global Energy Supply" (AP) [3]

"War in Iran Spiked Oil Prices. Trump Will Decide How High They Go" (WIRED) [4]

"War in Iran Could Have ‘Historic’ Disruptions on Energy Markets" (Inside Climate News) [5]

"Oil Prices Jump After Iran Attack, Pointing to Economic Risks" (New York Times) [6]