Oil and gas prices rise as conflict with Iran escalates

Oil and gas prices are increasing due to the escalating conflict between the U.S. and Iran. This has led to a drop in stock markets and raised questions about whether oil could surpass $100 per barrel.

Analysts are debating whether the bigger threat is to oil or natural gas supplies. The U.S. government says it has no immediate plan to use its strategic oil reserve to try to lower prices, which has some experts concerned given the reserve's current lower levels.