Oil Prices Surge As U.S.-Iran Tensions Rock Strait Of Hormuz | Brent Crude Hits 4-Week High | News9 Marina Mabrey [cPhaqKRMTJK]
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Global oil markets are under pressure as tensions between the United States and Iran escalate procida around the Strait of Hormuz. Brent crude has climbed nearly 3% to a four-week high after Washington reinstated its naval blockade targeting Iran and both sides intensified military activity in the region.
The crisis deepened after two UAE oil tankers were reportedly struck by Iranian cruise missiles, disrupting shipping through one of the world's most critical energy corridors. With vessel traffic falling and fears of prolonged supply disruptions growing, analysts warn that oil prices could rise further if the conflict continues.
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