Oil prices rise after escalation of US-Iran conflict.

After the US and Israel attacked Iran, gasoline prices rose accordingly, with Brent crude soaring from $72.87 per barrel to $82. Currently, the average gas price in the US is slightly below $3 per gallon, and it may rise to $3.10-3.15 in the coming weeks. The main risk lies in the potential disruption of shipping in the Strait of Hormuz, a key oil transportation route responsible for 20% of global oil shipments. Although oil facilities have not been directly attacked, any blockade could further push up oil prices. Wholesale price increases typically trickle down to retail prices gradually, and seasonal adjustments to gasoline prices, along with escalating geopolitical tensions, have intensified market volatility. OPEC+ plans to increase production in April may help stabilize the market.