The recent attacks between Iran and Israel have ignited concerns not only about the war but also about global energy stability. Markets have been in crisis, predicting a complex week ahead with fears of rising fuel prices. In Florida, residents are growing increasingly annoyed over the spike in gas prices.
Analysts suggest that the next steps will be influenced not just by Iran but also by decisions made by OPEC, the USA, and Israel. The situation in Miami is particularly alarming, with gas prices reaching $3.56 per gallon, higher than the national average.
Gas stations in Key Biscayne have prices steady at $4.49 per gallon. However, there is hope for a potential calm in the situation, with Iran signaling an end to their attacks. Patrick De Haan, head of petroleum analysis at GasBuddy, believes that if Israel continues its attacks, it could further impact oil prices.
This conflict is not new but has been brewing since the previous conflict between Hamas and Israel. The recent attack by Hamas on Israel has reignited tensions in the Middle East, with investors bracing for possible Iranian involvement following the attack on Israel’s consulate in Syria. The situation remains volatile, with uncertainties about the future.