Oil Prices Spike, Gas Prices Hit Record High

0:00It's April 7th. This is Dallas News Today, your AI-powered local news. Oil prices spike today, while stock futures dipped ahead of President Trump's APM Eastern deadline for Iran to reopen the straight-of-form moves, or, and, face major airstrikes on power plans and bridges. Brink Crude climbed 1% to $110.81 per barrel, and West Texas Intermediate jumped almost 3% too. $115.70. That surge has pushed U.S. gas prices to $4.14 a gallon on average, the highest since 2022. Markets have been all over the place for weeks now, thanks to the Middle East War that choked off oil and natural gas shivments through the straight. Oils up over 50% since late February, and economists are sounding alarms about fresh inflation hitting hard. Investor reactions stay pretty calm today, despite the stakes, with one expert calling it background noise until the deadline hits, creating a, do or die moment for escalation

1:02or pullback. Analysts point out Trump's push this ultimatum multiple times since late March, and while talks drag on, full resolution looks distant as nations, chase side deals to ease the crunch.