U.S. oil prices top $100 as Trump administration threatens strikes on Iran's crude export facilities - CNBC

CNBC
March 15, 2026
1 min read

Quick Insights

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.

Source Coverage Map

10 of 43 tracked sources covered this story

23% coverage
Did Not Cover (33)
ICIJ97AP World News96AP News96AP US News96AP Top News96+28 more

Following this story?

Get notified when new coverage appears

Other Sources Covering This Story

5 sources

Multiple outlets have reported on this story. Compare perspectives from different sources.

Should this be getting more attention?

You Might Have Missed

Related stories from different sources and perspectives

Exclusive: Trump reviews options to curb energy prices as Iran strikes roil markets - Reuters
Politics

Exclusive: Trump reviews options to curb energy prices as Iran strikes roil markets - Reuters

<a href="https://news.google.com/rss/articles/CBMiugFBVV95cUxQT0Z5U1Z0Tkp2RmVmdGlWMWRuVm5GaXdER25ZdnA3X0V5eHBZTlI2YlhWWmlDME9mblVaV2JZNFh5QVJiTDAxRlpMNWRqbUNWLXN0V0pJUTB4NWEtX3V2Q3hYN0hoSDFkOVQ5MzlFVm5fbnBoZ3lZNkVsRElDVk8tcU9wdktDb2xfRzlpc1F1bU5kU1R1bjZQZkNWSGdwZjRiem9LU0JhMlUzSnYxM1pzZVlRQko3Z2FBa3c?oc=5" target="_blank">Exclusive: Trump reviews options to curb energy prices as Iran strikes roil markets</a>&nbsp;&nbsp;<font color="#6f6f6f">Reuters</font>

ReutersMar 9
Scoop: Trump eases Venezuela sanctions on oil, fertilizer to blunt Iran war costs
Politics

Scoop: Trump eases Venezuela sanctions on oil, fertilizer to blunt Iran war costs

<p>The Treasury Department made it easier Friday for U.S. businesses and farmers to buy Venezuelan fertilizer and oil as their prices rise because of the <a href="https://www.axios.com/world/iran" target="_blank">Iran war,</a> Axios has learned.</p><p><strong>Why it matters</strong>: The bottleneck of tankers in the Persian Gulf because of Iranian attacks has caused the costs of oil and fertilizer, a petrochemical product, to jump. It threatens to spike inflation and raise the <a href="https://www.dw.com/en/iran-us-israel-war-food-crisis-prices-fertilizer-energy-costs-inflation/a-76286348" target="_blank">cost </a>of food in the U.S.</p><hr><ul><li>By reducing sanctions on oil-rich Venezuela, <a href="https://www.axios.com/2026/03/13/iran-war-trump-officials-ship-escorts-hormuz-strait" target="_blank">Treasury Secretary Scott Bessent</a> hopes to increase supplies in the U.S. and lower prices.</li></ul><p><strong>Zoom in:</strong> The Office of Foreign Assets Control, which manages ...

AxiosMar 13
Trump administration allows for Russian oil sales as energy prices soar - The Washington Post
Politics

Trump administration allows for Russian oil sales as energy prices soar - The Washington Post

The Washington PostMar 13
Trump a lot more concern about how war and oil prices will affect midterms
Politics

Trump a lot more concern about how war and oil prices will affect midterms

Since the war has started, fourteen ships have been hit in the Strait of Hormuz, as Iran vows to carry out an 'oil blockade'. Although oil prices have gone down after sharply increasing, concern remains. French President Emmanuel Macron is calling on G7 leaders to work together to reestablish 'freedom of navigation' in the region as soon as possible. FRANCE 24's Philip Turle looks at the politics of this crisis, and the US strategy.

AFP / France 24Mar 11
Judge rules Trump administration unlawfully refused to request CFPB funding
Government Transparency

Judge rules Trump administration unlawfully refused to request CFPB funding

A federal judge ruled Friday that the Trump administration unlawfully took the position last year that it couldn’t request more funding for the Consumer Financial Protection Bureau (CFPB). U.S. District Judge Edward Davila ordered the agency’s acting director, Russ Vought, to continue requesting the necessary funds from the Federal Reserve to carry out the CFPB’s obligations. It’s a legal loss for top Trump administration officials as they look to curtail the consumer watchdog agency. Created in the wake of the…

The HillMar 13
Trump Administration Approves Ultra-Deepwater Oil Drilling Plan
Environment

Trump Administration Approves Ultra-Deepwater Oil Drilling Plan

The $5 billion project in the Gulf of Mexico is expected to produce up to 10 billion barrels of oil by the end of this decade. Critics say it could endanger people and marine life.

New York TimesMar 14
Read Next
The $500 Million Mystery Will, Signed by Ghosts
Finance

The $500 Million Mystery Will, Signed by Ghosts

A seven-page document, mailed by an elusive figure, has set off a court battle over the estate of Tony Hsieh, the former chief executive of Zappos.

Continue reading

Did this story change how you see things?

Stories like this only matter when people see them. Help us get verified journalism in front of more eyes.

Share this story

Get the daily digest

Save for later

The Verity Ledger curates verified investigative journalism from trusted sources only.

See our sources