How high can oil and gas prices go because of the Iran war? Here are the scenarios

• How high oil and gas prices rise depends on whether the Iran war disrupts supplies for a prolonged period.
• The last time oil prices broke $100 per barrel was after Russia invaded Ukraine in February 2022. Gasoline prices hit an all-time high of $5.016 per gallon nationally by June.

Source: https://www.cnbc.com/2026/03/02/iran-oil-gas-prices-strait-hormuz.html