Oil Prices Hit Wartime High as Iran Conflict Escalates: Brent Crude Surges Past $126, Gas Prices Soar to $6 in California Amid Strait of Hormuz Blockade Brent crude, the international oil benchmark, topped $126 a barrel on Thursday, reaching a wartime high, according to a CBS News report. The surge in global energy prices pushed the average U.S. gasoline price to $4.30 per gallon, the highest since July 2022, according to AAA data. Drivers in California faced the highest state average at $6.01 per gallon. The latest price increase reflects deepening concerns that the Iran war will continue to disrupt…
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