Global oil prices top $114 and settle at 4-year high after Iranian attacks on UAE revive worries of further supply disruptions

Global oil prices surpassed $114 per barrel on Monday after Iran ramped up attacks on energy facilities and ships in the Middle East.

Brent crude oil price spikes overnight as gas prices climb

Brent crude oil surged overnight on Thursday, April 30 to $126.41 a barrel, reported several news outlets, including CNN and CNBC. The price had dropped, but still remained over the $100-mark to just over $116 a barrel by 5 a.m. MT/6 a.m. CT.

Shares slide, oil prices elevated as US-Iran truce prospects dim

Stocks in Asia slid on Tuesday while oil prices eased but remained well above $100 a barrel, as the U.S. and Iran continue to work towards a truce while at the same ​time trading blows over the Strait of Hormuz.
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Oil prices hold gains as US-Iran exchange fire in West Asia flareup

Brent was trading near $114 a barrel after rising almost 6% on Monday. Meanwhile, the West Texas Intermediate was lower than $105 a barrel.

America barely uses OPEC oil. Why are gas prices so high?

America is the world's leading oil producer. We don't import much oil from the Middle East. Why, then, are gas prices so high?