Oil Prices Surge as U.S. Iran Tensions Escalate | Canada News

Tensions between the U.S. and Iran have flared again, sending global oil prices soaring past $100 a barrel as strikes escalate and key shipping lanes like the Strait of Hormuz and Bab el-Mandeb become dangerous. Houthi rebels, backed by Iran, attack Saudi tankers, while Washington vows “major military punishment.” Gas prices in Canada hit a monthly high, hitting drivers hard — and the pressure’s only mounting. 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/b4bac4b14cb5ac01