More pain at the pump to come

Crude oil prices are up again this morning. For months, we've been hearing about the Strait of Hormuz, how the slowdown of oil tanker traffic there has affected prices, but the fighting is now affecting oil flows in other parts of the Middle East. Brent crude, the global benchmark, is trading above $108 a barrel — up about 10% over the past week. We have the latest and what it means for your wallet. Plus, the push for AI guardrails and what's next for interest rates.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace Morning Report is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.