The United States and Israel launched targeted attacks on Iran on Saturday. The move brought new uncertainty into global energy markets, as northern Nevadans could be paying more at the pump in the coming weeks.

Following the strikes, oil prices increased. Brent crude, the international benchmark, jumped to roughly $73 a barrel, while the national benchmark, West Texas Intermediate, traded above $67.

Much of the concern centers around the Strait of Hormuz, a narrow waterway between Iran and Oman. which carries about a fifth of the world’s oil supplies.

Patrick de Haan, head of petroleum analysis with GasBuddy, a price tracking company, spoke on the current questions in the region.

“The known would reduce oil prices if there becomes clarity, but it’s the unknown that is stoking fears…. If there is some sort of clarity in the days ahead, whether from Iran, the United States, or Israel, on how long this would last. We’d be able to put potentially an end date for the potential impacts that we’re seeing,” said de Haan.

Experts say for every $5 to $10 increase in oil prices, drivers could pay 15 to 25 cents more per gallon.

According to Triple-A, the average price of a gallon of gas in Nevada on Sunday comes in at $3.70, which comes in above the national average of roughly $2.98.

Over at the Rainbow Market on Vassar Street, prices sat just below four dollars a gallon on Sunday. Reno resident Abran Reyes talked about gas prices potentially going up.

“Whether it’s to work, to maybe run errands, to do stuff that helps you, gas is essential…. That gas price really hits, especially in today’s economy, where gas prices are extraordinary…. I just hope everyone’s safe. I hope our soldiers and all of our troops can be okay,” said Reyes.

More than 10,000 people have enrolled in Nevada’s new public option health plans, which debuted last fall with the expectation that they would bring lower prices to the health insurance market.

Those preliminary numbers from the open enrollment period that ended in January are less than a third of what state officials had projected. Nevada is the third state so far to launch a public option plan, along with Colorado and Washington state. The idea is to offer lower-cost plans to consumers to expand health care access.

But researchers said plans like these are unlikely to fill the gaps left by sweeping federal changes, including the expiration of enhanced subsidies for plans bought on Affordable Care Act marketplaces.

The public option gained attention in the late 2000s when Congress considered but ultimately rejected creating a health plan funded and run by the government that would compete with private carriers in the market. The programs in Washington state, Colorado, and Nevada don’t go that far — they aren’t government-run but are private-public partnerships that compete with private insurance.

Southern Nevada has a proud history of competing — and winning — through boldness and reinvention. We have developed a world-class tourism economy, built globally recognized brands and demonstrated our ability to rebound from significant disruptions. In today’s fiercely competitive global economy, however, we must intentionally design the next chapter of our economic story. Communities worldwide are continuously enhancing their sophistication, and we must keep pace.

Since joining the Las Vegas Global Economic Alliance in late August of last year, I have consistently heard from community partners that we must diversify and enhance Southern Nevada’s economy. Our goal is to build upon and complement the strengths we already possess.

To achieve this, the alliance, as Southern Nevada’s regional economic development organization and designated Regional Development Agency, is embarking on a comprehensive strategic planning process. This initiative will guide our economic development priorities both in the near and long term, ensuring that we focus on areas that will yield the most positive impact.

The alliance has a history of reinvention, having been established in 1958 as the Southern Nevada Industrial Foundation, later becoming the Nevada Development Authority, and since 2011, operating under its current name in partnership with the Governor’s Office of Economic Development.

Economic development extends beyond merely attracting companies. It encompasses the ability of local families to access high-wage careers, the opportunity for young people to build their futures at home and the resilience of our economy to withstand disruptions.

Over the past decade, Southern Nevada has made significant strides toward economic diversification, with investment outcomes in 2025 surpassing those of 2024. However, our work is far from complete. While tourism will always be a foundational strength and source of pride for our region, over-reliance on any single sector poses risks. A diversified economy enhances stability, and stability creates opportunities. We are united in our desire for more accessible housing, expanded health care and education, and greater upward mobility for our residents.

This strategic planning effort aims to ensure that the alliance and its partners concentrate on the right initiatives in the right manner. It will validate the region’s target industries and subsectors, narrowing our focus on areas where Southern Nevada has genuine competitive advantages and long-term potential. The planning process will include community interviews, focus groups and surveys to ensure our final strategy reflects the real opportunities and challenges facing Southern Nevada. We will establish flagship goals and a prioritized strategy matrix to direct our attention and resources toward meaningful outcomes.

A crucial aspect of this process involves clarifying roles within the broader economic ecosystem. Economic development is a team sport — when organizations replicate efforts, operate in silos or compete for recognition, the region loses valuable time and credibility, allowing opportunities to slip away. I have witnessed this behavior in various markets, serving as a red flag for prospective companies.

We have already made strides in building partnerships, exemplified by a Memorandum of Understanding signed in November 2025 with the Economic Development Authority of Western Nevada to jointly support economic development education and advocacy for community leaders statewide.

Our strategic work will also include a organizational assessment of the alliance, evaluating our mission, resource deployment and engagement model. Economic impact requires operational excellence and measurable execution. Most importantly, this plan — which we anticipate completing by late April — will feature a three-year road map with clear timelines, recommended actions and meaningful metrics to transparently track our progress. A longtime mentor of mine often said, “What gets watched gets measured, and what gets measured gets done.”

Las Vegas has always taken the initiative to shape its own future. This strategic plan presents an opportunity for us to do what we do best: come together, think bigger, act smarter and create something lasting. Together, we can build a purposeful and resilient economic future for Southern Nevada.

Danielle Casey is president and CEO of the Las Vegas Global Economic Alliance.