Usa
OIL PRICES SURGE 4% AS FRESH US-IRAN FIGHTING REVIVES GLOBAL SUPPLY FEARS
oil prices, crude oil, US-Iran conflict, Brent crude, WTI, Strait of Hormuz, global oil supply, fuel prices, Middle East conflict Global oil prices surged sharply as renewed U.S.-Iran fighting pushed traders to reassess the risk of major disruptions to Middle East energy supplies, particularly through the strategically vital Strait of Hormuz. On Tuesday, Brent crude jumped $4.16, or 4.6%, to settle at $94.65 a barrel, while U.S. West Texas Intermediate (WTI) climbed $4.46, or 5.2%, to $90.22.
