Brent crude oil price massive surge: How President Trump is trying to control exploding crude oil prices today and gas prices in USA amid Iran war crisis. Oil surged above $106–$111, while WTI nears $100 amid supply disruption fears. The Trump administration is releasing 172 million barrels, easing sanctions, and boosting supply to stabilize crude oil prices today. However, Strait of Hormuz tensions and LNG disruptions continue pushing natural gas prices and gas prices higher. Russia gains short-term advantage as restrictions ease, but global volatility remains high.