US EditionOil prices top $100 per barrel as big Middle East producers cut output amid Iran war
Major Gulf producers cut output and shipping halts in the Strait of Hormuz caused Brent crude to surpass $100, a 28% weekly rise, amid ongoing Iran conflict.
- Over the weekend, AAA reported the national retail average for a gallon of regular gasoline was $3.450, while Brent crude hit $101.19 shortly after trading resumed.
- The Iran conflict has hindered production and shipping and damaged oil and gas facilities, disrupting global supply, according to reports.
- Regional data show California at $5.159, Washington $4.605, and Oregon $4.819, with the national diesel average at $4.595.
- U.S. drivers now face a national gasoline average up roughly 13 cents from Friday's $3.320 and nearly 50 cents higher than last week's $2.984, with only five states below $3.
- WTI was trading at about $107.06, reflecting sharp benchmark gains, but markets remain volatile and both could rise or fall as market trading continues.
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408 Articles
Airline shares battered, airfares surge as Iran war pushes oil above US$100
Airline stocks were hammered on Monday, while airfares soared as the U.S.-Israeli war on Iran sent oil prices surging, sparking fears of a deep travel slump and the potential for the widespread grounding of planes.
Nevada Current
Gas prices spike across US amid Iran war
An Iranian flag is planted in the rubble of a police station, damaged in airstrikes on March 3, 2026, in Tehran. The United States and Israel have continued the joint attack on Iran that began on Feb. 28. Iran retaliated by firing waves of missiles and drones at Israel, and targeting U.S. allies in the region. (Photo by Majid Saeedi/Getty Images)WASHINGTON — Americans are paying more for gas Monday as the U.S.-Israeli war with Iran chokes off a …
Fuel prices in Arizona surge amid Iran strikes
PHOENIX (NBC, KYMA) - According to AAA, fuel prices in Arizona have surged sharply in recent days, with statewide averages increasing nearly 20% since recent U.S. and Israeli strikes in Iran sent global oil prices higher. For 18 years, truck driver Jorge Soto has been fueling gas stations across the valley, delivering tank loads of gas 8,300 gallons at a time and watching the prices people pay for it fluctuate. "When the gas is cheaper, it's bet…
Oil prices up 8% on Iran war, pare gains after hitting highest since 2022
NEW YORK — Oil prices were up about 8 percent on Monday, paring gains after hitting their highest since 2022 earlier in the session, as Saudi Arabia and other OPEC members cut supplies due to disruptions from the expanding U.S.-Israeli war with Iran. Brent futures rose $7.21, or 7.8 percent, to $99.90 a barrel at 12:42 p.m. EDT (1643 GMT), while U.S. West Texas Intermediate (WTI) crude rose $4.50, or 5.0 percent, to $95.40. In early trade, Brent…
Gas prices spike across U.S. amid Iran war
An Iranian flag is planted in the rubble of a police station, damaged in airstrikes on March 3, 2026, in Tehran. The United States and Israel have continued the joint attack on Iran that began on Feb. 28. Iran retaliated by firing waves of missiles and drones at Israel, and targeting U.S. allies in the region. (Photo by Majid Saeedi/Getty Images)WASHINGTON — Americans are paying more for gas Monday as the U.S.-Israeli war with Iran chokes off a …
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