Oil Surges Above $100 as Iran-U.S. Escalation Disrupts Global Energy Flows
Brent crude rose above the $100 threshold for the first time since July, while U.S. crude also advanced. Analysts say growing attacks on commercial vessels and continued disruption around the strategically vital Strait of Hormuz are driving fears of tighter global supplies. The surge is also adding pressure to fuel and transportation costs, raising
fresh concerns about inflation. The Strait of Hormuz normally carries roughly one-fifth of global oil and gas supplies, making prolonged disruption a major risk for the world economy. With tensions showing little sign of easing, markets are closely watching whether further attacks could push energy prices even higher.
