United States oil prices surged above $100 per barrel on Monday for the first time since 2022, with Brent crude climbing 11% to $103.14 and West Texas Intermediate rising 8.9% to $89.49 in early European trading. The national average gas price reached $3.48 per gallon, up nearly 17% since late February.
US Gas Prices Surge as Hormuz Strait Blockade Halts Flow