Oil prices have jumped following Israel’s attack on Iran as experts warn the conflict could lead to higher gas costs. The price of a barrel of benchmark U.S. crude jumped 6.8 percent to $72.65 Friday. Brent crude, the international standard, rose 7.1 percent to $74.30 a barrel. Iran is one of the world’s major producers of oil and if a wider war escalates, it could slow the flow of Iranian oil to U.S. customers and elsewhere. “Iran knows full well that Trump is focused on lower energy prices and actions by Iran that impact Middle East supply and consequently raise oil prices damage Trump politically,” Andy Lipow, president of Lipow Oil Associates consulting firm, told CNN. Past attacks involving Iran and Israel have seen prices for oil spike initially, only to fall later “once it became clear that the situation was not escalating and there was no impact on oil supply,” said Richard Joswick, head of near-term oil at S&P Global Commodity Insights. The Secretary of the Organization of the Petroleum Exporting Countries warned industry executives not to “raise false alarms.” “There are currently no developments in supply or market dynamics that warrant unnecessary measures,” the organization said on X....