How war in the Middle East could affect oil pricesCNN's Matt Egan explains how a war in the Middle East could disrupt global oil markets, particularly through the Strait of Hormuz, where a fifth of the world’s oil flows daily. A shutdown or attacks on key oil facilities, especially in Saudi Arabia, could cause oil prices to surge, driving up gasoline costs and adding pressure to economies already facing high living expenses.

Source: CNN March 01, 2026 11:05 UTC