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Oil prices surge as Iran war continues

03:23
An American flag flies outside a gas station as gasoline prices are displayed on Sunday, March 8, 2026, in Portland, Ore. (Jenny Kane/AP)
An American flag flies outside a gas station as gasoline prices are displayed on Sunday, March 8, 2026, in Portland, Ore. (Jenny Kane/AP)

Prices of Brent crude oil, the international benchmark, have surged past $100 a barrel, as traffic is nearly halted through the Strait of Hormuz, off Iran, which carries about 20% of the world's oil and liquified natural gas.

Here & Now's Peter O'Dowd speaks with Jillian Ambrose, the Guardian’s energy correspondent.

This segment aired on March 9, 2026.

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