Gas prices rising in recent days show how closely global energy markets are tied to politics around the world. Especially after President Trump decided to launch military strikes against Iran. According to reporting by USA Today, the attacks have increased uncertainty in oil markets, and investors fear potential disruptions in the Middle East. The Middle East is crucial to the global Oil supply and shipping routes. Even without an immediate interruption, the higher risk alone has pushed crude oil prices upward, and those increases tend to flow directly to consumers, resulting in higher gas prices. As a result of the bombings, Americans may end up seeing an increase in gas prices in the coming weeks.
Will US attacks on Iran drive up gas prices? Here's what we know.