Kenyans are staring at higher fuel prices in the coming months as the Murban Crude Oil prices rise above KSh 9,000 per barrel amid Israel-Iran hostilities.

GasBuddy.com reported Monday that average gasoline prices in Arkansas rose 6.8 cents a gallon in the last week to $2.77. Despite the increase, Arkansans are paying about 4.2 cents a gallon less than they did last month.

Investors are regaining some appetite for risk amid rising optimism that the conflict won't spill over into a broader regional crisis.

Some calm is returning to Wall Street. U.S. stocks are rising in early trading Monday, while oil prices are giving back some of their initial spurts following Israel’s attack on Iranian nuclear and military targets at the end of last week.

Explore why ConocoPhillips is poised for growth amid rising oil prices, with strong Q1 earnings and potential outperformance of major rivals.

Ukrainian President Volodymyr Zelenskyy says rising global oil prices following Israeli strikes on Iran will strengthen Russia by increasing its oil revenues, aiding its war effort in Ukraine

Traders on Friday exchanged the most $80 West Texas Intermediate (WTI) crude oil call options since January, expecting more upside to prices after Israeli airstrikes on Iran sparked fears of a wider Middle East conflict.

Crude oil prices surged by more than 8% on Friday to hit 4-month highs after Israel’s attacks on Iran’s nuclear sites sparked supply concerns. Friday’s spike in crude oil prices is the largest single-day rise since Russia attacked Ukraine in 2022.