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;Resize=(620)) Gas prices inched up a few cents overnight in Canada as the North American oil market reacts to escalating tensions in the Middle East, where the U.S. and Israel launched a joint attack on Iran Saturday that threatens to destabilize the rest of the region.
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It is unclear who will ultimately govern Iran, the fourth-largest oil producer in OPEC, after U.S.-Israel strikes killed Ayatollah Ali Khamenei.
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Strikes on sites in Qatar and Saudi Arabia forced the closure of key production facilities and added to growing worries about global oil and gas supplies.
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The war in the Mideast has effectively halted shipping through the Strait of Hormuz, threatening to push up gas prices and raise the cost of other goods.
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Oil prices surged and stock futures plummeted on Sunday night amid growing concerns linked to the U.S. and Israel's attack on Iran, which is almost certain to impact the flow of oil in the Middle East. NBC News' Christine Romans reports.
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