Gas prices are up in all 50 states and the District of Columbia since February 28, when the U.S. and Israel launched their first joint strikes on Iran which started the conflict now disrupting the global oil market.

Iran might be outgunned and outspent by the US and Israel but it has one major advantage — its control over the Strait of Hormuz.

Phil Flynn, oil trader and FOX Business contributor, joins 'Fox & Friends First' to discuss economic impacts of Iran's threat to close the Strait of Hormuz.

World shares retreated on Friday while oil prices again popped above $100 per barrel as anxiety remained over the Iran war and its impact on supplies of crude oil and gas. U.S. futures slipped, with the futures for the S&P 500 and Dow Jones Industrial Average down 0.

The war with Iran is complex, but the reason why the Middle East conflict matters to your financial well-being comes down to three simple facts.

Tehran’s battered leaders are making tough demands as Arabs hope to spark talks.

Big questions remain about the Iran war as it barrels into week two. How long will the fighting last? What do all sides want to achieve? And how high will oil prices go?

Japan will sell oil from its national reserves at prices based on levels before the start of the Middle East war, according to the country’s trade minister.