US oil prices are fluctuating wildly due to ongoing military conflict with Iran that is disrupting Middle Eastern oil production and transportation routes.

US oil prices experienced wild fluctuations with Brent crude reaching $106 per barrel and US crude hitting $100 before dropping to $94, while gasoline prices could reach $3.85 per gallon as the US-Israel campaign against Iran enters its third week, causing a 23% increase in average US gasoline prices from below $3 to $3.70 since February 28.