Oil Prices Jump As Middle East Tensions Rise

Oil prices are rising fast. Oil is now about $105 for one barrel. Many people think the Middle East problem may last longer. This fear also affects borrowing costs. When investors worry, it can become more expensive for countries and companies to borrow money. Traders watch news about Iran and the region. If the conflict does not end soon, oil may stay high. That can make prices rise in other places too, because oil is used to make many products.