Iran war pushes oil prices to 4-year high as Hegseth to face lawmakers
Oil prices reached a four-year high as stalled U.S.-Iran talks and ongoing tensions over the Strait of Hormuz raised concerns about prolonged supply disruptions. Defense Secretary Pete Hegseth is set to face congressional questioning about the war's duration and cost, which the Pentagon estimates at around $25 billion so far. President Trump is expected to review new military strike plans against Iran, while Iran's president insists the U.S. blockade of its ports will fail.
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Live Live Updates: Iran war pushes oil prices to 4-year high as Hegseth set to face fresh round of questioning By Tucker Reals Tucker Reals Editor Tucker Reals is CBSNews.com's foreign editor, based in the CBS News London bureau. He has worked for CBS News since 2006, prior to which he worked for The Associated Press in Washington, D.C., and London. Read Full Bio Tucker Reals April 30, 2026 / 7:55 AM EDT / CBS News Add CBS News on Google What to know about the Iran war today:Oil prices spiked to a four-year high on Thursday, with Brent crude briefly topping $126 a barrel as stalled U.S.-Iran talks raised doubts over the reopening of the Strait of Hormuz and a permanent end to the Iran war.Secretary of Defense Pete Hegseth is set to face lawmakers for a second a day after declining to…
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