Iran US Oil
A running total is displayed as a person fills their vehicle with gas at a gas station in Baltimore, Wednesday, March 4, 2026.
As featured on
The price of oil surged higher and showed no signs of halting its rapid climb a week after the U.S. and Israel launched major attacks on Iran that escalated into a war in the Middle East. Oil prices surpassed $90 a barrel Friday. The conflict has left ships that carry roughly 20 million barrels of oil a day stranded in the Persian Gulf. That disruption and damage to key oil and gas facilities in the Middle East has led to an interruption in the supply of oil and gas. The fallout is ratcheting up what consumers and business will pay for gasoline, diesel and jet fuel, with some drivers already feeling it at the pump.
The conflict, now in its second week, is ensnaring countries and infrastructure critical to the production and transportation of oil and gas worldwide.
