Iran conflict spurs early oil price surge

Crude oil prices soared to their highest level in slightly over a year in early trading in Asian markets Sunday night. Why it matters: The surge from the Asia markets' opening is an early concrete sign that prices at the pump could go up because of supply disruptions from the strikes against Iran. The surge is likely to push up U.S. gasoline prices, though the impact will depend on the evolving market response as well as the scope and duration of the conflict. My thought bubble: The early incr