Oil surges above $100 a barrel as US and Iran launch new attacks, while gasoline prices also jump
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By WYATTE GRANTHAM-PHILIPS and CATHY BUSSEWITZ, AP Business Writers
NEW YORK (AP) — Oil prices shot past $100 a barrel Wednesday as fighting between the U.S. and Iran escalated, threatening to increase costs for consumers and businesses worldwide.
Brent crude, the international standard, climbed into triple digits after attacks on oil facilities and ships in the Middle East that could further debilitate an already weakened supply chain — and continued to hover just above the $100 threshold as of
NEW YORK (AP) — Oil prices shot past $100 a barrel Wednesday as fighting between the U.S. and Iran escalated, threatening to increase costs for consumers and businesses worldwide.
Brent crude, the international standard, climbed into triple digits after attacks on oil facilities and ships in the Middle East that could further debilitate an already weakened supply chain — and continued to hover just above the $100 threshold as of
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