Oil prices surge to highest level since 2022 as Trump mulls Iran blockade extension

CNN By John Liu and Stephanie Yang, CNN (CNN) — Oil surpassed $126 a barrel Thursday, its highest price since 2022, as traders worried about a prolonged US-Iran war following President Donald Trump’s decision to extend a blockade of Iranian ports. Brent crude, the global benchmark, was up more than 12% overnight into Thursday, before