This latest iteration of the Middle East crisis is both familiar and unfamiliar. We’re all back obsessing about the oil price, yet we also know from the last few years that that same oil price has appeared somewhat impervious — oblivious?

As tensions escalate between Israel and Iran, North Texas energy experts are closely monitoring the impact on global oil markets — and warning that rising prices at the pump may not be far behind.

Geopolitical tensions in the Middle East could drive oil prices as high as $120 per barrel according to JP Morgan, benefiting Exxon Mobil's earnings outlook. Applying the Graham Number, Exxon Mobil's intrinsic value ranges from $103 to $134 per share, depending on EPS scenarios.

Escalating tensions between Israel and Iran will likely lead to increases in gas prices in Florida and across the nation. Florida gas prices are the lowest in a month, according to AAA - The Auto Club, but face upward pressure heading into this week.

Oil prices are surging again. Over the past few weeks, crude has jumped more than 10% on the back of intensifying Middle East tensions. Israel has launched one of its most aggressive campaigns in years,

Rising Middle East tensions have driven oil prices higher, potentially boosting Texas Pacific Land's future earnings. Read why TPL stock is a hold for now.

If prices go up, Fed officials may be inclined to raise its benchmark rate, raising borrowing costs for businesses and consumers. That could lead to businesses to cut jobs, particularly in the high-growth tech sector, and force Americans to pull back on spending, which drives more than 70% of economic activity in the U.S.

Oil prices recently jumped on worries over the fallout from escalated tensions in the Middle East, but not to levels that risk leading to a recession, according to DataTrek Research. Based on recent U.

Rather, it is geopolitical factors—specifically, escalating tensions in the Middle East—that are unsettling markets and pushing prices higher.