Oil Just Crossed $100 a Barrel — Americans Brace for Gas Spike
Oil prices have crossed back above $100 a barrel as the Iran-Hormuz standoff intensifies, with Brent at $100.06 and WTI at $94.81. JP Morgan warns a full Strait of Hormuz closure could push oil to $130 — taking gasoline above $5 in many US states. Every $10 oil move adds roughly $0.25 to a gallon at American pumps. WooGlobe Ref : WGA811250
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The Trump administration still has other avenues to implement the import taxes that are a cornerstone of the president's economic policy.
