As the conflict in Iran intensifies, concerns about its impact on global oil supplies are causing significant fluctuations in gas prices. Recent reports indicate that gas prices have jumped dramatically in various states, with increases noted as high as 16 cents overnight in Minnesota. The Strait of Hormuz, a critical passage for oil shipping, has seen traffic slow due to heightened tensions, with Iran asserting control over the area and threatening ships attempting to transit. Analysts warn that the ongoing war could lead to a sustained spike in oil prices, potentially reaching $100 a barrel. With the U.S. taking a more active role, discussions around reopening the Strait of Hormuz are becoming urgent, as its closure could have severe implications for the global economy. As the situation unfolds, the implications for both domestic and international markets remain uncertain, with fears of an energy crisis resurfacing.