Iran Conflict Sends Oil and Gas Prices Soaring Again

Global oil and US gas prices have surged as tensions between the United States and Iran escalate. The rise in prices follows a decline after the two countries signed a peace plan to end the war in June.

US gas prices have returned above $4 per gallon, surpassing the threshold they fell below in June for the first time since March 30, according to the AAA.

CNN is tracking oil and US gasoline prices, as well as traffic through the Strait of Hormuz, a vital waterway for transporting crude oil worldwide.