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Why oil prices are surging right now

Oil prices are up to over $100 a barrel as the war in Iran heats up and tensions simmer over Ukraine. The Wall Street Journal reporter David Uberti has more context.

Where: Iran, Ukraine

Exact coordinates

iran: 32.430, 53.690
ukraine: 48.380, 31.170

Read it at CBS News See this on the map

Why oil prices are surging right now
What might happen next? AI-generated

These scenarios are written by an AI language model from the headline and summary above. They are not predictions from the newsroom, and they are not evidence of anything. Every one is given a deadline and checked against later coverage, and the score is published on the ledger — including the ones that miss.

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