From CNN.

A historic disruption to the world’s oil production sent crude prices smashing through the $100 barrier Monday for the first time since Russia’s invasion of Ukraine in 2022.

US gas prices have now increased nearly 50 cents, or about 17%, just since the start of the war in Iran. The average US price for a gallon of regular has increased to $3.48, according to AAA.

Meanwhile, Bahrain’s national oil company declared force majeure as the war continues to threaten energy sites, and G7 finance ministers are meeting today to discuss the potential joint release of strategic reserves.

0:00 Oil prices soar to highest level since Russia’s Ukraine invasion
0:47 Trump says oil prices "a small price to pay"
2:19 US gas prices up 50 cents since war began
2:46 Diesel prices spike to three-year-highs
3:58 Bahrain’s oil company declares "force majeure" after attack on refinery
5:15 G7 finance ministers meeting to discuss strategic oil reserves

Watch more CNN here: https://cnn.it/4kh5RPe

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