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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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Russia Revels in a Sudden Reversal in Fortunes as Oil and Gas Prices Soar The New York TimesThe Big Winner From the Persian Gulf Energy Crisis? Russia WSJRussia sees chance it may benefit from Middle East war The Washington PostRussian Urals oil price tops Brent for first time in Indian market, traders say Reuters
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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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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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A weaker euro deepens the pain from higher oil prices
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Iran war could make affordability bigger issue in 2026 elections CNBCOil surges 35% this week for biggest gain in futures trading history dating back to 1983 CNBCCrude prices make record jump as Trump's measures fail to calm markets PoliticoU.S. Gas Prices Jump Again as Oil Tops $90 for First Time in Years The New York Times
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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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As the Iran conflict leads to rising gas prices, these tips can help you save money and maintain some budget predictability.
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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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Oil shot to its highest price since 2023 after surging again because of the Iran war, and a weak update on the U.S. job market knocked stocks lower to cap Wall Street's worst week since October.
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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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