Iran US Oil
Fuel prices are displayed at a gas station as cars drive by, Wednesday, March 4, 2026, in Baltimore.
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Oil prices have jumped past $100 a barrel as the Iran war disrupts oil production and shipping in the Middle East. The price for a barrel of Brent crude, the international standard, was at $101.19 shortly after trading resumed on the Chicago Mercantile Exchange, up 9.2% from its settlement price of $92.69 Friday. Crude prices haven’t been that high in more than three and a half years. The Middle East is home to the world’s largest concentration of proven oil reserves. Supply concerns have driven crude and gasoline higher as the war ensnares major oil-producing countries and hinders exports from the Persian Gulf.
CHICAGO (AP) — Oil prices eclipsed $114 per barrel for the first time since 2022 on Monday a…