Oil prices jumped Thursday with Brent crude settling above $100 a barrel for the first time since August 2022, as Iran vowed to make the United States regret launching its

The price of a barrel of Brent crude oil briefly topped $100 a barrel early Thursday, just days after it spiked near $120 in the latest jolts to financial markets and the global economy as a whole. Oil prices initially shot more than 9% higher as supply concerns worsened with Iranian attacks on commercial shipping around the Strait

Wall Street pointed toward modest gains in premarket trading Wednesday as energy prices stabilized somewhat on optimism that a major release of oil reserves was imminent. Trump keeps telling America he’s winning in Iran.

Since the start of the war, sharp moves for oil prices have cascaded through financial markets worldwide and caused big swings up and down.

The U.S. stock market held steadier Tuesday as Wall Street waited for the next signal on when the war with Iran may end. The S&P 500 dipped 0.2%, a day after its latest wild swings caused by extreme moves in the oil market.

For investors, the rhetoric has gone from the conflict being “over very soon” to “high oil prices for a year” in the span of a few days.

Worries about the war with Iran sent oil prices back to $100 per barrel and stocks sinking worldwide. The S&P 500 fell 1.5% Thursday and returned to big swings following

World shares were mixed on Wednesday as the rally of the past two days faded and oil prices resumed climbing with no end to the war with Iran in sight. Oil prices have remained sharply below their peaks near $120 a barrel hit on Monday.