Oil's Back Above $100, Diesel Hits Record, and the World Holds Its Breath

Oil prices surged past $100 a barrel again as Middle East tensions disrupt shipments through the Strait of Hormuz, sending diesel to a U.S. national record of $6.055 per gallon. BRICS nations collectively slammed the EU's carbon border tax as protectionist, while the UK faces a critical decision on whether to greenlight final North Sea oil projects.

The Full Picture

Oil's Painful Return to Triple Digits

• What happened: Brent crude crossed $100 per barrel for...