Fighting between the US and Iran has escalated, leading to a surge in oil prices. As a result, oil has surpassed $100 a barrel. This increase is expected to have a widespread impact, affecting costs for consumers and businesses globally.

Gasoline prices have also jumped, although specific details are not provided. The situation is being closely monitored as the conflict continues to unfold.

For more information on the current situation and its potential effects, further details are available from the source.