Oil Prices Soar as Iran War Intensifies
Washington DC News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Oil prices surge as Iran conflict escalates, with Brent crude nearing $91 and WTI at $86. The war, now in its second week, has disrupted production and shipping in the Middle East, threatening the Strait of Hormuz. Iran warns of potential $200/barrel prices, which could push US gas prices above $5/gallon. In response, the IEA releases 400 million barrels from reserves, the largest ever. Trump calls it a short-term measure, while Hegseth hints at intensifying strikes.
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