Oil Prices Surge to $100 a Barrel | Dayton News

Oil prices surge back to $100 a barrel for Brent and $95 for WTI as Middle East tensions flare, negotiations stall, and tanker traffic through the Strait of Hormuz plummets. Russia’s own production cuts, hit by refinery damage, add to global supply crunch. Americans now pay over $4/gallon for gas and $6 for diesel — a $100 billion extra tab since the conflict began — squeezing budgets and fueling inflation. The Fed struggles to control costs as energy spikes threaten broader economic pain, with some banks warning prices could hit $120/barrel if tensions escalate. 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/dc53640d4b962737