The shutdown of Gulf oil production could lead to further increases in gas prices, which are already straining consumers and businesses. Nearly 14% of the nation's refining capacity is in the storm's path, and flooding could disrupt operations for up to 10 days. The global oil market is also affected, as any reduction in U.S. oil supply could drive up prices worldwide. The situation is compounded by ongoing geopolitical tensions, including conflicts in the Middle East and Eastern Europe, which have already disrupted energy supplies.