Energy Markets

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A dramatic image of an oil rig at sunset, symbolizing surging oil prices and global market volatility amidst escalating Middle East tensions.

Oil Prices Surge Past $110 as Middle East Tensions Escalate

U.S. crude oil prices soared more than 10% to top $110 per barrel on Thursday, roiling global markets after President Donald Trump renewed threats against Iran.

Olivia Hartwell·April 3, 2026