Oil Prices Surge as U.S. Strikes Iran | Chattanooga News

U.S. strikes on Iranian rocket launchers in the Strait of Hormuz reignite regional tensions, sending oil prices surging past $90 a barrel while markets tumble — a stark reminder that peace in this vital chokepoint is fragile. The move reverses recent calm, forcing oil traders to reprice war risk and pushing gasoline prices to record highs for August. As global markets react with losses across Europe and mixed signals in Asia, attention turns to the U.S. August jobs report — which could reveal whether the labor market’s July stumble signals deeper trouble or a rebound. Geopolitics remain the wild card shaping everything from energy costs to currency swings. 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/08e4b743e21b7b60