The workhorse of the fuel world was climbing on Monday, with a strike on a major Saudi Arabia refinery getting the blame.

Florida gas prices could see new fluctuations this week as crude oil prices jumped significantly when trading opened overnight on Sunday, according to AAA.

As markets monitor potential supply disruptions Energy Aspects' Amrita Sen expects prices to hold at $80 a barrel. Saudi Arabia has contingency plans to move its oil through the East-West pipeline via the Red Sea, as investors focus on the Strait of Hormuz.

The U.S.-Israel attack on Iran will have immediate effects on all of us. Crude oil prices jumped in futures trading Sunday evening, March 1. Brent crude, the global benchmark, surged more than 10% in early trading,

Oil prices surge 13% after Iran strikes shut down Strait of Hormuz traffic. Exxon Mobil and Chevron stocks rise on expectations of higher crude prices.

With the Strait of Hormuz closure impacting 54% of India's LNG and crude imports, the government is exploring new supply routes.

Oil prices rose sharply when market trading began late Sunday over concerns that the supply from Iran and elsewhere in the Middle East would slow or grind to a halt.

With conflict raging in the Middle East yet again, there's bound to be rippling effects across the world from trade to energy. Following U.S. air strikes over Iran, the latter has retaliated by closing down the Strait of Hormuz.

Crude hasn’t hit that level since the start of the war between Russia-Ukraine.