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   News alert: Oil's new high
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   Oil hits $126 with gas up 42%
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               Oil surges to four-year high as Trump vows to hold Iran 
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              Brent crude briefly hit $126 a barrel overnight — a four-year high — as President Trump signaled the naval blockade of Iran's ports would stay in place until Tehran scraps its nuclear program. Trump reportedly turned down an Iranian offer to reopen the Strait of Hormuz, a chokepoint that once carried a fifth of globally 
traded oil but has seen throughput collapse to roughly 4% of pre-war levels. At the pump, Americans are now paying a national average of $4.23 a gallon — up 42% since the conflict began.
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