Following U.S. strikes on Iran over the weekend, leaders say Americans could soon feel the impact at the gas pump.

MOSCOW, March 3 (Reuters) - Global oil prices have rallied in the wake of U.S. and Israeli strikes against Iran to their highest since July 2024, but the rise still falls short of what is needed to balance the Russian budget,

Gasoline prices jumped by $0.10 per gallon over the past 24 hours as oil prices continued to spike amid the Middle East conflict.

The high prices came as U.S. and Israeli attacks on Iran and retaliatory strikes against Israel and U.S. military installations around the Gulf sent disruptions through the global energy supply chain.

Brent seen in $75–95 range in near term; structural disruption to Gulf oil assets could trigger sharp spike above USD 100 amid US-Iran-Israel tensions

A sell-off for stocks is slamming into Wall Street after wrapping around the world, as oil prices leap even higher on worries that the widening war with Iran may do more sustained damage to the econom

The Strait of Hormuz is the narrowest point in the Persian Gulf and a vital link for oil shipments. See where it is and what could happen next.