Oil prices break $100 as U.S.-Iran fighting grows
Part of composite article Fed Set to Hike Rates Three Times as Oil Tops $100 and Inflation Fears Roar Back View full article →
Oil prices climbed above $100 a barrel on Monday. The rise follows intensifying fighting between the United States and Iran.
The increase raises new concerns for consumers and businesses worldwide. Higher oil prices can push up costs for fuel, shipping and goods.