Iran conflict impacts global oil supply and prices
after close1 source ↓written by the desknot a recommendation
- prices have reached
- $4 per gallon
The ongoing conflict involving the U.S. and Israel against Iran has led to a significant supply shortfall in the global oil market, surpassing the disruptions of the 1973 and 1979 oil crises. U.S. gasoline prices have reached $4 per gallon, marking the highest level since 2022. Traders are closely monitoring how these developments will influence the energy sector and global markets.
Not investment advice. For informational purposes only.