US strikes on Iran may raise oil prices, impacting American economy

(NewsNation) — Americans could soon feel the impact of escalating tensions with Iran, especially at the gas pump.

Oil prices jumped to a five-month high Monday following U.S. airstrikes on Iranian nuclear facilities, sparking concerns that prices could climb higher in the coming days and weeks.

While the full economic impact remains uncertain, much depends on how Iran responds, particularly whether it attempts to shut down the Strait of Hormuz.

Highest level...