The costs of chartering tankers to move oil from the Middle East to Asia have climbed and ship bookings have slowed as the Israel-Iran conflict fuels worries of potential disruptions, industry sources told Reuters on Monday.

Gold price tumbled below $3,400 during the North American session, down over 1% despite tensions in the Middle East remaining high as the Israel-Iran conflict escalates. At the time of writing, XAU/USD trades at $3,399 after reaching an eight-week peak of $3,452.

For the first time since May, the nation’s average price of gasoline has increased, rising 1.1 cents compared to a week ago and stands at $3.08 per gallon, according to GasBuddy® data compiled from more than 12 million individual price reports covering over 150,