Brent crude oil, the world benchmark, hit $100 per barrel on Thursday morning.
That marks Brent crude's highest level since late May, before the latest escalation in fighting between the United States and Iran.
According to AAA, prices at the pump have also been rising in the U.S. A week ago, the average price for regular gasoline was $3.94 per gallon. It has since jumped nearly 4% to $4.09 per gallon.
After a late-June ceasefire collapsed earlier this month, the United States resumed its blockade of Iran and has conducted airstrikes in the country for 12 consecutive days. The renewed campaign has coincided with continued Iranian attacks on commercial vessels in the Strait of Hormuz.
Posted by James Cirrone
https://www.foxnews.com/live-news/iran-war-trump-oil-prices-rising-07-23-26
