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Brent oil prices surge above $125 after setting new wartime high

Brent crude oil prices, the global benchmark, surged above $125 per barrel on Thursday morning, as President Donald Trump mulls an extended blockade of Iranian ports. Kristie Lu Stout reports.

4:36 • Source: CNN
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Brent oil prices surge above $125 after setting new wartime high
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MIAMI, FLORIDA - SEPTEMBER 11: Luis Torrado pumps diesel fuel into his tractor-trailer at a truck stop on September 11, 2026 in Miami, Florida. Diesel fuel prices in the U.S. topped $6 a gallon for the first time ever. (Photo by Joe Raedle/Getty Images)
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<p>Up to 3.5 million metric tonnes of potatoes could be lost this year across Europe and the UK. This massive climate shortage has sent processing prices skyrocketing, forcing restaurants to serve shorter fries. CNN's Anna Stewart has been inside iconic British cafe, the 'fryers delight' to see how this business plans to manage the costs.</p>
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