U.S. oil prices top $100 as Trump administration threatens strikes on Iran's crude export facilities - CNBC
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The Bottom Line
Oil prices hit $100 per barrel after Trump threatens to bomb Iran's oil facilities.
How This Affects You
Gas prices will likely increase significantly as oil costs rise above $100 per barrel.
AI Summary
U.S. oil prices have risen above $100 per barrel following threats from the Trump administration to strike Iran's crude export facilities. The price surge reflects market concerns over potential disruptions to Iranian oil exports amid escalating tensions.
What's Being Done
The Trump administration is threatening military strikes on Iranian crude export facilities.
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