$100 Oil Is Back

A.M. Edition for Mar. 9. Oil is surging past $100 a barrel as Iran strikes critical infrastructure in the Gulf, leading states to dial back production and halting traffic through the Strait of Hormuz. WSJ reporter Joe Wallace says higher fuel prices are just one likely outcome as the inflationary impacts of shipping disruptions mount. Plus, correspondent Benoit Faucon analyzes Mojtaba Khamenei’s selection as Iran’s next supreme leader. And why VW dealers are up in arms as the automaker looks to sell direct to consumers. Luke Vargas hosts. Sign up for the WSJ’s free What’s News newsletter.