As the price of a barrel of oil settles in at north of $100, up from $70 before the war, gas prices in the US are flirting with $4 a gallon, the highest since Russia invaded Ukraine in 2022. "No country will be immune to the effects of this crisis if it continues to go in this direction," Fatih Birol, the head of the International Energy Agency, told journalists in Australia earlier this week. President Donald Trump says the war on Iran is intended to mitigate what he called the "imminent threat" of its ballistic missiles, alleged nuclear weapons program, and its proxies in the Middle East, like Hezbollah in Lebanon and the Houthis in Yemen.
Author: pgelling@insider.com (Peter Gelling,Lauren Edmonds)
Published at: 2026-03-29 21:23:15
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