U.S. oil prices already jumped last week, which could cause prices at the pump to rise about 20 cents a gallon in the coming weeks, according to one estimate.

The missile and air war that Israel and Iran have spent decades planning for has come, and it is spectacular and terrifying. Israeli officials say they need at least two weeks to degrade Iran’s nuclear and missile capabilities.

Israel hit more targets in Tehran and Iranian missiles fired at Israel killed at least 14, as the conflict entered a third day

Oil prices jumped in early Asian trade on Monday after Israel and Iran launched fresh attacks on Sunday, heightening fears that escalating battle could trigger a broader regional conflict and widely disrupt oil exports from the Middle East.

Crude oil futures jumped more than 3% Sunday after Israel struck two natural gas facilities in Iran, raising fears that the war will expand to energy infrastructure and disrupt supplies in the region.

Iran conflict could open opportunities for Russia to possibly become a power broker to help end the confrontation.

Israel and Iran have opened a new chapter in their long history of conflict when Israel launched a major attack with strikes early Friday on Tehran.