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U.S.-Iran Conflict Surges: Oil Prices Hit $100+

3/13/2026

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Summary

Story summary

The U.S.-Iran war has escalated, with costs exceeding $11.3 billion in the first six days.
U.S. and Israeli forces have targeted around 6,000 sites in Iran since February 28.
Iran has retaliated with missile and drone strikes across the Gulf, severely disrupting oil shipping through the Strait of Hormuz.
Oil prices have surged past $100 per barrel, prompting emergency measures from the United States to release oil reserves.

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Story summary

The U.S.-Iran war has escalated, with costs exceeding $11.3 billion in the first six days.
U.S. and Israeli forces have targeted around 6,000 sites in Iran since February 28.
Iran has retaliated with missile and drone strikes across the Gulf, severely disrupting oil shipping through the Strait of Hormuz.
Oil prices have surged past $100 per barrel, prompting emergency measures from the United States to release oil reserves.