Brent crude surges above $108 as Israeli-US war on Iran shows no sign of ending

Brent crude surges above $108 as Israeli-US war on Iran shows no sign of ending Brent crude futures surged by more than $4, reaching over $107 a barrel as tensions intensified across the Middle East. At one point in today's trading oil hit $108.65. The American Automobile Association said US diesel prices had climbed to a record $6.23 per gallon as fuel costs continued to rise.