Iran war pushes oil prices to 4-year high as Hegseth to face lawmakers

The price of global benchmark Brent crude oil briefly surged past $126 a barrel early Thursday as stalled U.S.-Iran talks raised doubts over the reopening of the Strait of Hormuz and a permanent end to the Iran war. The $126 mark for a barrel of Brent crude is a four-year high. The last time it was priced so high was soon after Russia launched its ongoing full-scale invasion of Ukraine in early 2022. …