Ticker: Oil and gas prices continue surge as Iran war shows no signs of letting up

The price of oil surged higher and showed no signs of halting its rapid climb a week after the U.S. and Israel launched major attacks on Iran that escalated into a war in the Middle East.

Oil prices surpassed $90 a barrel Friday. The conflict has left ships that carry roughly 20 million barrels of oil a day stranded in the Persian Gulf. That disruption and damage to key oil and gas facilities in the Middle East has led to an interruption in the supply of oil and gas. The fallout is ratcheting up what consumers and business will pay for gasoline, diesel and jet fuel, with some drivers already feeling it at the pump.

President Donald Trump said Monday that the U.S. expected its military operations against Iran to last four to five weeks but has “ the capability to go far longer.”

Ford recalls 1.74 million of its cars over rearview display issues

Ford has issued two recalls affecting nearly 1.74 million of its cars in the U.S., due to software issues impacting the vehicles’ rearview camera displays that could increase crash risks.

According to notices published by the National Highway Traffic Safety Administration this week, an internal component inside the infotainment system of certain 2021-2026 Ford Broncos and 2021-2024 Ford Edges may overheat and shut down — preventing the rearview image from displaying when drivers are going in reverse. Meanwhile, some 2020-2022 Ford Escapes and Lincoln Corsairs, as well as 2020-2024 Lincoln Aviators and Explorers, may show a flipped or inverted rearview image.

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