The current war with Iran — in which the United States and Israel have launched an ongoing air offensive against the oil-rich Iran — has already caused Brent crude oil prices to increase by 40%, per CNBC.
That means you’ll be feeling an increased squeeze on your wallet every time you stop to fill up your gas tank. Referencing AAA data, CNBC reported on March 17 that gas prices have gone up 30% over the past month.
