Crude oil prices surpass $100 a barrel as the Iran war impedes production and shipping

Source Chicago Tribune
Original Load Date March 8, 2026, 7 p.m.
Last Updated March 8, 2026, 7 p.m.
Original URL https://www.chicagotribune.com/2026/03/08/crude-oil-prices-iran-war/

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CHICAGO — Oil prices have eclipsed $100 per barrel for the first time in more than three and a half years as the Iran war hinders production and shipping in the Middle East. The price for a barrel of Brent crude, the international standard, was at $101.19 shortly after trading resumed on the Chicag...