Geopolitical clashes disrupt energy routes and spike crude, gasoline prices

US-Israel strikes on Iran have raised fresh fears over oil supply security, particularly around the Strait of Hormuz, sending crude toward and above the $80 mark. Tankers and LNG carriers are diverting from the region, tightening supply and prompting analysts to warn that US gasoline could soon top $3 per gallon. Markets are now repricing energy risk, with traders watching OPEC+ decisions, shipping disruptions, and how higher fuel costs might feed inflation and complicate central bank policy.