Oil's Unwelcome Return to $100: A Reminder of War's Hidden Costs The price of oil has breached the $100 threshold for the first time since July.
The ongoing conflict in the Middle East has created a perfect storm of disruption, with key trade routes throttled by Iran backed rebels and the Strait of Hormuz remaining a bottleneck.
For consumers, higher gas prices mean more money out of pocket for everyday essentials like groceries and transportation.