economy
Why gas prices are surging
The war with Iran is causing a historic disruption to the world’s oil production. Crude prices rose above the $100 barrier Monday for the first time in nearly four years. CNN's Matt Egan explains how this is affecting gas prices.
TL;DR
- War with Iran causes historic disruption to world oil production, leading to crude prices above $100.
- US Defense Secretary Pete Hegseth warns Iran's Supreme Leader against pursuing nuclear weapons.
- Global energy expert Daniel Yergin warns of a 'nightmare scenario' for oil prices due to the conflict.
- Rescue efforts are underway in Tehran after a residential building bombing.
- Video shows a fighter jet firing a missile at a drone resembling an Iranian Shahed over Dubai.
- Two men face charges for providing material support to a terrorist organization and using weapons of mass destruction after protests near NYC Mayor Zohran Mamdani's home.
- Surgeons remove living brain tissue for cutting-edge research into cancer and Alzheimer's disease.
- The social media trend 'Chinamaxxing' is explored as China gains global cultural capital.