Oil Prices Surge Amid Escalating US-Iran Tensions

Oil prices surged for a second consecutive day due to escalating tensions between the US and Iran. The conflict has raised concerns about disruptions to energy flows through the Strait of Hormuz, where crude carriers were hit by projectiles.

The latest hostilities have reignited fears of supply chain disruptions in one of the world's most critical oil shipping routes. This has led to a spike in oil prices as investors and traders assess the potential impact on global energy markets.

According to Leslie Palti-Guzman, Founder at Energy Vista, 'the outlook for global energy remains uncertain due to ongoing conflict in the Middle East.' Her comments highlight the ongoing risks facing energy traders and investors.