Iran Crisis Spikes Oil Past $100-Barrel Mark

Oil prices smash through $100 per barrel for the first time since 2022 as the Iran war escalates, with Brent hitting $119 before settling near $100 and U.S. gasoline jumping nearly 50 cents a gallon since the conflict ignited. The Strait of Hormuz shutdown, slashing 20% of global oil and LNG flows, plus attacks on Saudi fields, Tehran storage, and Gulf infrastructure, fuel the surge from prewar levels around $60-$72. Read more about this...