As the Iran conflict intensifies, global oil and gas supplies are under significant threat, particularly through the key strategic passageway, the Strait of Hormuz. US shale executives have expressed concerns that they cannot compensate for the oil disruptions caused by the ongoing warfare in the Middle East. Reports indicate that Iran has largely halted its oil and gas exports through the strait, raising fears of a major energy crisis. Gasoline and diesel prices are spiking across various states, with prices jumping as much as 19 cents overnight in places like Utah. Analysts are predicting that elevated oil prices could push towards $100 a barrel if the situation worsens. The potential for a blockade in the Strait of Hormuz brings into question the safety of shipping routes and the broader implications for global markets, which are already feeling the effects of inflation and growth concerns. With Iran threatening military actions against vessels in the area, the urgency for the US to reopen this critical shipping lane has become apparent.