Oil prices remain volatile as the ongoing conflict in Iran continues to disrupt global supply chains and critical shipping routes, particularly through the Strait of Hormuz. Recent attacks on Gulf export facilities have intensified fears of an oil squeeze, causing prices to hover above $100 per barrel. U.S. gas prices have surged to their highest levels since October, jumping 80 cents nationally over the past month, further straining the economy. As the war in Iran drags on, experts warn of potential nightmare scenarios for both energy markets and the broader global economy, with speculations that crude oil could soar as high as $150 a barrel if tensions escalate further. Meanwhile, countries across Asia are calling for economic retrenchment in response to skyrocketing energy prices.