Oil prices soar past $100 a barrel as war escalates in Iran

The price of oil surged past $100 per barrel on Sunday, the first time it crossed that mark since Russia’s 2022 invasion of Ukraine.

President Donald Trump, in a social media post, called surging oil costs a “very small price to pay.”

Oil futures and gasoline prices have skyrocketed as traders worry that the war in Iran would lead to prolonged restrictions on the flow of oil around the globe – particularly as the war has spread to other countries in the Middle East, including attacks on nearby refineries in the oil-rich region…(Read full story)