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Story summary
- U.S. forces struck Iranian oil tankers, pushing Brent crude to $100 a barrel, its highest since July.
- Houthi rebels attacked Saudi oil infrastructure, sparking fears of wider regional supply disruptions.
- China cut oil imports in recent months, helping temper the price surge.
- U.S. diesel hit a record $5.90 per gallon, reflecting higher oil prices.
- The S&P 500 fell 0.6% as investors reacted to rising oil prices and inflation worries.
