Economic experts are warning that Americans may soon feel the financial strain from Saturday night’s military strikes on Iran. With oil markets already reacting, economists expect prices at the pump to rise in the coming weeks. But the ripple effects could extend much further—especially if vital shipping lanes like the Strait of Hormuz are disrupted.

John Coleman, Economics Professor at Duke University, joined Jeff Hamlin to discuss the potential economic consequences of the strikes and what consumers should be prepared for.