Oil prices surged following weekend attacks by the United States and Israel on Iran, with Brent crude jumping nearly 13 percent to almost $80 a barrel. Analysts predict prices could exceed $100 a barrel, heavily influenced by the White House's strategy, Iran's response, and other oil producers' actions. The Strait of Hormuz, through which one in five barrels of oil travels, has seen traffic drop to near zero due to increased insurance costs and drone strikes, creating a "voluntary closure" scenario. Attacks on Saudi and Qatari oil facilities have further disrupted supply, with experts warning that sustained damage could severely impact global prices. The ultimate trajectory of oil prices now hinges on President Trump's decisions regarding the conflict's duration and intensity.