Oil and gasoline prices rose as U.S.-Iran fighting persisted

AP reported gasoline prices and crude values jumping again above previous post-truce levels amid resumed U.S.-Iran clashes and disrupted tanker movement in the Persian Gulf system, with higher freight and energy-flow risk feeding into consumer prices.

Why this matters. Energy stress is now directly tied to maritime security in Hormuz and Red Sea lanes; sustained pressure here can quickly widen the economic impact of military escalation beyond battlefield dynamics.