Gas Prices Down 12% YoY—But $100 Oil Looms as Israel-Iran Conflict Escalates
Oil prices spiked sharply on Friday following intensifying geopolitical tensions in the Middle East, as Israel launched attacks on Iranian military and nuclear infrastructure. In retaliation, Iran mounted a response, heightening fears of a broader conflict that could disrupt global oil supply. West Texas Intermediate (WTI) crude, the U.S. oil benchmark, jumped approximately 7.5% to…