In the wake of the escalating US-Israel conflict with Iran, gas prices in the United States have risen above $4 per gallon for the first time since 2022, with US crude oil prices nearly doubling from $65 to over $110 per barrel. This surge has significantly benefited defense contractors like Lockheed Martin, whose stock has jumped 25% since the year's start, and oil companies such as ExxonMobil and Chevron, which have seen share prices increase by over 20%. Analysts predict that US oil producers could gain an additional $63 billion in profits as oil prices rise. The current situation mirrors the profit spikes seen during the 2022 Russia-Ukraine conflict, where oil companies made record profits. Economists note that while high prices benefit oil companies, prolonged elevated prices may lead consumers to reduce their oil consumption, similar to trends seen after the 1970s oil shocks. The ongoing conflict has also disrupted liquefied natural gas production, essential for fertilizer and food supply, raising concerns about broader economic impacts.