Oil prices have surged past $100 per barrel following escalating tensions in Iran, which are threatening to disrupt critical energy trade routes through the Strait of Hormuz. The conflict has raised concerns about potential supply chain bottlenecks, a key chokepoint for global oil shipments. Market analysts are closely monitoring the situation as any prolonged disruption could send prices even higher. Traders and policymakers are weighing the risks of further escalation against efforts to stabilize the region’s fragile energy flows.
Brent crude has risen above $100 a barrel as war in Iran disrupts shipping through the Strait of Hormuz.
