Oil Hits $101 Amid Global Tensions | Miami News

Oil just hit $101.21 a barrel—its highest since July—driven by Middle East tensions and a volatile global market. With the Strait of Hormuz under threat, prices are spiking again after a summer dip, hitting consumers at the pump and pushing up everything from food and medicine to shipping and airline fares. Experts warn this could climb to $110—or even $150—if infrastructure is damaged. And with U.S. elections looming, gas prices may become a major political flashpoint. Listen in comfort: Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN: [email protected] This is an automated, high-level news summary based on public reporting. Report issues to [email protected]. View sources & latest updates: https://sources.thednn.ai/49dae9ad6ca590ad