Oil Prices Jump As US-Iran Conflict Escalates | Will Crude Hit $100 If Hormuz Crisis Worsens?
Oil prices surged after fresh military strikes between the United States and Iran reignited fears of a wider Middle East conflict. Brent crude climbed above $78 a barrel as tensions over the Strait of Hormuz—a vital route for nearly 20% of global oil shipments—intensified. With both sides issuing conflicting claims and analysts warning crude could climb toward $100 if energy infrastructure is targeted, here’s what the latest escalation means for global markets, fuel prices, inflation, and the world economy.
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