Steven L. Taylor · · 19 commentsSource: The White HouseWho could have known that starting a major military operation in the Persian Gulf could lead to broader global economic consequences? Well, NBC News reports: U.S. crude oil sees largest weekly price jump on record. On Friday alone, U.S. crude oil spiked more than 12% to more than $91 per barrel, its highest price since late 2022. This has direct consequences at the pump:Gee, I wonder what happened right before that March 2 spike? More from CNBC: Oil surges 35% this week for biggest gain in futures trading history dating back to 1983.

Source: Washington Post March 08, 2026 02:17 UTC