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Oil prices surpassed $90 a barrel Friday, with American crude settling at $90.90, up 36% from a week ago.
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Kuwait declares force majeure, cuts crude oil output due to Middle East conflict ReutersKuwait cuts oil production as Strait of Hormuz closure disrupts global energy market CNBCExclusive | Kuwait Cuts Oil Production as Fallout From Iran Conflict Intensifies WSJOil and gas production shutdowns in Iraq and Kuwait widen the Iran war's impact on energy prices Fortune
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A weaker euro deepens the pain from higher oil prices
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Column | How to war-proof your budget before regular gas hits $4 a gallon The Washington PostSee How Fast Gasoline Prices Are Rising WSJ'Enough is enough': PA lawmakers call for price gouging probe as gas prices jump overnight WFMZ.comUS pump prices surge as Iran war upends global energy supply ReutersGas P
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Experts say reopening Strait of Hormuz remains most viable option as ideas such as influencing futures market fade
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Soaring oil prices suggest that more increases could be in store for American drivers. Diesel, jet fuel, and other refined products are also becoming much more expensive.
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United CEO Scott Kirby said demand remains high but that fuel prices will hit first-quarter results.
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Government bonds globally were hit hard by surging oil prices as the Iran conflict extends into the weekend
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