Oil Prices Surge as Iran Conflict Continues

Oil prices broke the $100 per barrel barrier as the Iran conflict continues, with prices hitting nearly $120 before talk of Western nations intervening to curb prices surfaced. “Between now and the end of March you don’t have an amelioration of traffic around the strait, we could go to $150 a barrel,” said Homayoun Falakshahi, lead crude research analyst at Kpler (via CNN Business).