Oil rose on Tuesday as the widening regional conflict and threats to shipping through the Strait of Hormuz raised fears of supply disruptions from the region.

In the wake of U.S. and Israeli strikes on Iran, gas prices are forecast to climb. Here's a breakdown of how international tensions could influence pump prices nationwide. Gasoline prices approached $3 per gallon Monday as oil prices spiked amid the Middle East conflict.

Energy prices rose sharply Monday as disruptions to tanker traffic through the Strait of Hormuz and damage to production facilities raised uncertainty about how U.S. and Israeli attacks on Iran would affect supply to the world economy.

The US-Israeli war on Iran reverberated across the Middle East and global markets on Tuesday, as oil and gas prices surged and Tehran vowed to close the Strait of Hormuz, a vital shipping lane.

By Kailyn Rhone and Niraj Chokshi Airline stocks fell on Monday as the escalating conflict in the Middle East sent oil prices surging and forced governments to shut down airports. The sell-off followed weekend strikes on Iran by the United States and Israel and retaliation by Iran on targets across the region.

Dubai, the world's busiest international hub, and Doha remained shut for a third day, leaving tens of thousands of passengers stranded.

Travel shares fell sharply on Monday as escalating conflict between the U.S., Israel and Iran disrupted flights around the globe, forced the closure of key Middle Eastern hubs and sent oil prices surging.

Oil prices extended gains and equities fell Tuesday as investors kept tabs on the Middle East as the United States and Israel continued to bombard Iran, while Tehran launched further