Israel-Hamas Conflict Raises Concerns of Tightened Iran Oil Sanctions and Global Supply Impact

Oil prices are rising due to conflict between Israel and Hamas, sparking concerns of impact on global oil supply.

If conflict widens, U.S. could enforce tighter restrictions on Iranian oil exports, reducing supply.

Tighter Iran sanctions could limit its oil output growth, affecting global energy markets.

For now, U.S. gas prices unlikely to be impacted much, as fall seasonal dip typically lowers prices.

Conflict risks targetting Middle East oil production and transport, which could squeeze global oil supply.