Oil Prices Surge to $120 as Iran War Disrupts Markets
Orlando News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Oil prices skyrocket as Iran war disrupts Persian Gulf production and shipping routes, with Brent crude reaching nearly $120 per barrel and WTI topping $119. US gas prices surge, averaging $3.48 per gallon, while diesel and natural gas also see significant increases. Despite calls to tap the Strategic Petroleum Reserve, President Trump maintains supplies are ample, but analysts predict higher fuel costs for consumers and businesses globally due to damaged facilities and logistics challenges.
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