General · 9 March 2026
Oil prices hit $100 first time since 2022
Global consumers face increased energy expenses as crude oil prices have surged above $100 a barrel. Oil prices have reached this level, a valuation not seen since 2022, directly resulting from the intensifying conflict with Iran. Military strikes on facilities and threats to shipping through critical routes, like the Strait of Hormuz, are significantly impeding worldwide supply.
Reported by Associated Press · How we write briefs