U.S. Oil Closes Above $100 for First Time Since 2022 on Iran War

By Mia Gindis and Charles Gorrivan (Bloomberg) — US oil prices ended Monday’s session above $100 a barrel for the first time since the US and Israel launched a war against Iran as President Donald Trump threatens further escalation of attacks, including on critical energy infrastructure.

West Texas Intermediate futures rose more than 3% to settle just below $103 a barrel, the highest since July 2022. The $100 price level is a key threshold closely watched by traders and other market participants. Global benchmark Brent, meanwhile, is on track for a record percentage gain in March, and average US retail gasoline prices are