The markets didn’t waste a second. After U.S. bombers hit three of Iran’s major nuclear sites overnight, oil prices jumped fast.

Brent crude literally surged overnight past $95 a barrel, and West Texas Intermediate followed right behind. Traders call it a “risk premium”—but let’s be real: this is what happens when a superpower steps directly into a regional war.

And this isn’t just oil. Defense stocks made an early climb too. Lockheed Martin, Raytheon, and Northrop Grumman (maker of the B-2 bomber used in the strike) all saw gains. It’s a reminder that war moves money—sometimes quickly, sometimes quietly, but always in big ways.

What This Means for You

Here’s the part that hits closer to home: if things escalate further, gas prices are going up.

Iran has a habit of using the Strait of Hormuz as a pressure point—and about 1 in every 5 barrels of oil in the world passes through there. If they disrupt traffic or threaten tankers, supply tightens, and prices spike. We’ve seen it before.

With summer travel in full swing, that could mean higher prices at the pump, just as people are hitting the road.

Keep Your Eye On It

Markets are still sorting through it all, but here’s what to watch:

• Whether Iran retaliates by hitting oil infrastructure or shipping lanes
• How global inventories hold up
• Whether energy traders start betting on $100 oil (again)

Uncertainty Rising

For now, energy and defense stocks are up, and uncertainty is on the rise. Whether you’re watching the markets or just filling up your tank, this one’s going to hit close to home.