The war in the Middle East could further increase oil prices, leading to serious economic consequences worldwide — and Hungary will not be spared either. In an interview with Magyar Nemzet, Oliver Hortay,

U.S. consumers could soon see higher prices at the gas pump even as Iran looks to de-escalate its military conflict with Israel.

As the conflict between Israel and Iran intensifies, experts say Americans could feel it at the pump. An analyst for GasBuddy predicts -- prices could rise more than 30 cents a gallon by July Fourth.