Crude oil stockpiles look almost normal. The fuel that hauls your groceries is telling a very different story.

Oil has climbed above $100 a barrel as the war with Iran disrupts global energy markets, putting pressure on gasoline, transportation, food and other household costs.

The war with Iran revealed just how much influence the world’s biggest oil importer has over prices and other countries’ supplies of jet fuel, gasoline and diesel.

Bank of America raised its Brent oil price target to $95 and warned prices could top $150 if Iran war supply disruptions last into spring 2027.

Stocks tumbled and mortgage rates moved higher as economies around the world confront the prospect of long-term inflation.

Higher Treasury yields don't just hit bond investors. They can raise borrowing costs and pressure stocks across the economy.

Futures for Brent crude oil, the global benchmark, settled $3.83 higher, or 3.9%, at $103.08 a barrel, the biggest one-day gain since Sept. 10, according to Dow Jones Market Data. That rally also snapped a five-session losing streak,

Oil futures were gaining after falling the previous five sessions on optimism about oil flows out of the Middle East and renewed efforts to restart talks between the U.S. and Iran.