Oil Prices Soar Amid Iran Conflict

0:00The ongoing conflict with Iran has pushed global oil prices above $100 of barrel at times, sparking a modest rise in oil production across Texas, Oklahoma, and Northern Louisiana. A recent Dallas Federal Reserve survey of 200 oil and gas firms shows upstream activity picking up compared to last quarter, with output. Higher than the final three months of last year, though jobs in the sector remain steady. This surge ties directly to uncertainty around the straight of four moves, which could delay oil flows and keep pump prices elevated for gas and diesel in the coming months. Experts like those at the SMU McGuire Energy Institute predict prices might ease later this year if tensions cool, but the conflict's duration remains. A wildcard. For everyday drivers, the hit-to-wallets is real, with Philips now costing upwards of $100, leaving many hoping for quicker resolution at the pumps. You've been listening to Dallas News today, AI-powered local news.