Conflict with Iran could send the price of oil soaring and push gasoline prices to $5 a gallon, according to analysts. …
Strait of Hormuz
U.S. Stocks Rise on Strong Economic Data; Oil Jumps on Iran Threat
U.S. stock prices jumped higher on the first trading day of 2012 after new economic data showed gains in construction and manufacturing activity. Meanwhile, oil prices surged amid escalating tensions between the U.S. and Iran, …
