Crude oil prices have surged by over $6 per barrel, reaching their highest level in over a year. The surge is seen as a significant increase in the potential supply disruptions caused by the Iran strikes. The global benchmark Brent crude was trading at $79.20 per barrel - an increase of over 8% from Friday's close. The increase is expected to increase U.S. gasoline prices. The rise in oil prices indicates that traders are not expecting a significant impact on supplies.