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War in Iran Drives Oil Prices Over $100

4/2/2026

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Story summary
  • The ongoing war in Iran is significantly impacting the U.S. economy by raising oil and food prices.
  • Brent crude oil prices have exceeded $100 per barrel.
  • Gas prices have surged to over $4 per gallon, prompting some states to consider suspending gas taxes.
  • Fertilizer prices have jumped 25%, affecting farmers' production.
  • U.S. President Donald Trump is scheduled to address the nation about the conflict.