Crude oil and gasoline have risen to new records as worries mount over the prospect a serious supply fallout from an Irseali attack on Iranian nuclear facilities.

Supply disruptions in Brazil to Nigeria are also feeding into sky-high oil prices. Crude oil prices jumped as high as $147.27. A barrel of the black goo now costs $10 more than it did on Wednesday.

Sky-high oil prices are triggering the biggest transfer of wealth in history, says Mandraaj Singh inb Profit Watch – from the US and Europe to Gulf oil economies.