Oil Surpasses $100 as Iran Conflict Escalates
💡 Why it matters
This oil price surge could reignite inflation fears and delay expected interest rate cuts, squeezing household budgets across Canada.
Brent crude rose 2.1% above $100 per barrel for the first time since July 2026, following renewed US-Iran attacks in the Gulf and Houthi strikes on Saudi cities. The Guardian reports the milestone was triggered by escalating Middle East war fears disrupting global supply.
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📡 Where we spotted it (3)
investors.com
Stock Market Today: Dow Slides 400 Points On Continued U.S.-Iran Attacks; Oil Prices Jump Again (Live Coverage)
40d ago
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ctvnews.ca
U.S. stocks slip in early trading while oil prices push higher again
40d ago
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The Guardian
Oil prices rise above $100 a barrel for first time since July as Iran war escalates
40d ago
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