Iran conflict could drive up the cost of gas and goods

An ASU supply chain expert explains how a potential military conflict in Iran could affect the U.S. economy.

In this article published March 4, 2026, on 12 News:

The worst case is if this thing gets prolonged and there is no quick end to the war, a barrel of crude oil can hit about $100. This basically means that the gas prices we are paying at the pump would be in the neighborhood of $4.50.

— Hitendra Chaturvedi, supply chain management professor of practice