Live Updates: Iran war pushes oil prices to 4-year high as Hegseth set to face fresh round of questioning - CBS News

The escalating conflict in Iran has driven oil prices to a four-year high, sparking concerns about the global economy and energy market stability. This development has significant implications for international trade, inflation, and consumer spending, as higher oil prices can have far-reaching effects on various industries and households. The situation is being closely monitored, with potential repercussions for global economic growth and geopolitical tensions.