Oil Prices Surge After Middle East Attacks
US News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Oil prices soar globally following Middle East attacks, with Brent crude surpassing $118 and WTI at $96. Qatar and Iran blame Israel for strikes on South Pars gas field, causing Ras Laffan hub damage. Strait of Hormuz shipping halted due to tanker attack fears. U.S. consumers face skyrocketing gasoline and diesel prices, with average gasoline hitting $3.88 per gallon. Trump administration suspends Jones Act to aid fuel movement, but experts predict minimal price impact. Fuel costs expected to remain high amid ongoing supply line threats.
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