Oil surges above $100 a barrel as US and Iran launch new attacks, while gasoline prices also jump - AP News — SkimNews
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- Oil surged above $100 a barrel as the US and Iran launched new attacks, with gasoline prices also jumping.
- The Dow tumbled 400 points in a three-day slide as rates climbed and Brent crude topped $101.
Why it matters: Brent crude topping $101 and oil breaching $100 hit consumers directly through higher gasoline prices, while the Dow's 400-point, three-day decline signaled broader market stress tied to the escalating US-Iran conflict.
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