00:00Oil just crossed back above $100 a barrel, and American drivers are about to feel it.
00:06Brent crude closed at $100.06 this week.
00:09U.S.-West Texas Intermediate settled at $94.81 per barrel.
00:15It's the highest sustained level Americans have seen at the pump since the start of the Iran war.
00:21And analysts say if Iran rejects the U.S. ceasefire proposal, prices could spike another 5 to 10 percent overnight.
00:28J.P. Morgan has warned that if the Strait of Hormuz fully closes, oil could surge to $130 a barrel,
00:36a level that would push gasoline above $5 a gallon in many U.S. states.
00:41Inflation has been cooling.
00:44But energy is the wild card.
00:45Every $10 move in oil prices adds roughly 25 cents to a gallon at American pumps.
00:51Truckers, airline ticket prices, grocery delivery, all of it follows oil.
00:56And right now, Americans are watching one decision in Tehran determine prices in every gas station from California to Maine.
01:04Let's look at these guys for the search results that do the right amount of interest in meget now.
01:04something like emerging already, engagement or anything like that.
01:04So talking about wiping the impression about inf ups and appliance savings.
01:04You
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