Oil prices skyrocket to nearly $120 per barrel due to the ongoing Iran war, causing global energy markets to surge. Brent crude hits $119.50, while WTI peaks above $119. US gas prices soar to $3.48 per gallon, with diesel and natural gas also increasing. Despite calls to tap the Strategic Petroleum Reserve, President Trump maintains supplies are sufficient. Experts warn that even a swift war end may not immediately lower fuel costs, impacting consumers and businesses worldwide.
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