Oil prices to touch $120? Oil price today surges after Iran strikes Saudi Aramco refinery, Brent jumps above $80 — will inflation and gasoline prices rise next?

Oil prices today jumped more than 10%. Brent crude crossed $80 per barrel within hours of reports that Iran struck a Saudi Aramco refinery. Traders reacted fast. They priced in supply disruption risk. The Ras Tanura facility processes about 550,000 barrels pe…