The current war in the Middle East has sent the price of oil spiking — and with it, US gas prices. That’s likely to remain true, even though the US is now a net exporter of oil.
A top Iranian official told CNN that Tehran is prepared for a long war. Meanwhile, oil surged past $100 a barrel as the economic fallout deepens. Follow for live news updates.
A historic disruption to the world’s oil production sent crude prices smashing through the $100 barrier Monday for the first time in nearly four years.
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