Oil Prices Surge, Tensions Escalate in US-Iran Conflict

0:00On March 26, oil prices surge past $100 a barrel today, as the war between the U.S., Israel and Iran drags on without a clear end. Brent Crew jumped nearly 2% to $104 after Iran dismissed President Trump's 15-point peace plan and laid out its own, five conditions for stopping the fighting. Meanwhile, tensions boiled over with fresh attacks. The United Arab Emirates scrambled defenses to shoot down Iranian missiles and drones, marking the third alert since Wednesday night. In Central Israel, six people were hurt and homes damaged by missiles, launched for Iran. The conflict is rippling into everyday life far beyond the battlefield. In the UK, the government approved up to 100 million pounds to restart a carbon dioxide plan in northeast England, worried about shortages. Kidding drinks makers and the nuclear sector, due to disrupted supplies. It's worn, oil and gas could run short in just two to three weeks if the Strait of Hormuz stays blocked.

1:01Trump insists Iranian leaders desperately want a deal, but fear backlash at home, claiming productive talks are underway despite Tehran's denials. Iran's foreign minister called any negotiations an admission of defeat, while the U.S. says it's close to its goals and threatens harder hits if needed. British prisoners, Lindsey and Craig Foreman, jailed on spying charges, now huddled through bomb blasts in an Iranian prison, making peace with the risk of dying there as diplomats push at the G7 for safe passage through the Strait.