Verification of Claim: "Global oil prices are above $100 per barrel"

This claim is ACCURATE.

Reasoning:

• As of today's date (April 7, 2026), crude oil is trading at $115.36 per barrel, representing a 2.63% increase from the previous day¹
• Brent crude oil prices have remained consistently above $100 per barrel since mid-March 2026, climbing from approximately $73 to $119 per barrel—a 65% increase¹
• On April 6, 2026, oil was trading at $111.25 per barrel¹
• By April 3, 2026, prices reached $112.42 per barrel¹
• Brent crude prices have risen to as high as $119.50 per barrel in early March 2026 following U.S. and Israeli military actions against Iran²
• The surge is attributed to the Iran war and concerns over supply disruptions, including the closure of the Strait of Hormuz²

Overall validity: 100%

1. International oil prices are well above $100 per barrel
2. Escalating conflict in the Middle East has pushed international oil prices well above $100 per barrel