Could oil prices really reach $200 a barrel as claimed by Iran? Euronews.comLive updates: US military says a refueling aircraft went down in Iraq, rescue efforts are underway AP NewsOil Trades Near 42-Month High as Iran Vows to Keep Hormuz Closed BloombergBrent oil closes at $100 after Iran's new supreme leader says Strait of Hormuz must remain closed CNBC
The White House is considering waiving a 1920 law that requires goods transported between U.S. ports be carried on U.S.-owned ships as global shipping disruptions continue due to Iran war.