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What the Israel-Iran conflict means for gas prices | CNN Business

Israel's unprecedented attack on Iran raises the specter of sharply higher gasoline prices, just as the summer driving season heats up.
On June 13, 2025, CNN reported that tensions between Iran and Israel have escalated, leading to significant fluctuations in global oil prices. The conflict has disrupted oil supplies from the Middle East, causing gas prices to surge worldwide. Analysts are concerned that continued hostilities could lead to further instability in the oil market, with potential long-term impacts on global energy prices and economic recovery efforts. Governments and international organizations are closely monitoring the situation and preparing contingency plans to mitigate the effects on consumers and industries reliant on stable energy costs.

Read the Full CNN Article at:
[ https://www.cnn.com/2025/06/13/business/iran-israel-gas-prices-oil ]