Oil prices hit highest level since Iran war's start

Oil prices reached their highest levels overnight since the Iran war began, with Brent crude topping $126 per barrel before pulling back on Thursday morning.Why it matters: The jump will keep sending U.S. gasoline prices higher — and shows the market reacting to the possibility of a long stalemate that keeps the Strait of Hormuz throttled.Traders are also likely weighing potential military escalation.President Trump is slated to receive a briefing later today on new plans for potential military...