When oil prices spike like this, it’s not just about gas getting pricier at the pump—it ripples through the entire economy. Higher energy costs can drive up inflation, squeeze businesses, and rattle financial markets. With the Middle East being a major oil-producing region, any escalation there puts traders on edge, and that uncertainty tends to hit wallets everywhere.

Fears of a wider Middle East conflict sent oil prices higher and global stock markets lower on Friday morning, following Israel's overnight attacks on Iran.

Oil prices shot up Friday morning as tensions in the Middle East escalated, with Israel launching attacks on Iran overnight. Investors are worried the conflict could disrupt global crude supplies, sending shockwaves through energy markets and dragging down stocks worldwide.

Oil prices leap amid worries about crude market due to Middle East conflict

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