Oil tops $100 a barrel as Iran war escalates

Oil prices on Sunday crossed into triple digits for the first time since 2022 — a stark sign of how the Iran war is throttling global supplies and raising consumers costs. Why it matters: The psychologically important $100-a-barrel mark is going to increase pain for consumers, many of whom don't support the war and didn't have any real warning that it was coming. It's also a political setback for President Trump, who has relished in touting lower gasoline prices on his watch. Driving the news: