Crude oil prices have seen a significant increase, with U.S. crude jumping over 3% and trading near $77 as investors anticipate potential military responses following Iran's recent strikes against Israel. This surge comes amid fears of a broader conflict in the Middle East, prompting concerns about global oil supply shocks and potentially driving Brent crude prices towards $80. The rising geopolitical risks have led many investors to hedge against a possible rise to $100 per barrel. Market analysts suggest that the ongoing tensions could have far-reaching implications for oil and gas prices, as well as the global economy. With U.S. energy stocks experiencing their largest weekly gains in two years, uncertainty looms over the markets as they brace for further developments.