US-Iran Conflict Sends Oil Prices Soaring

Oil prices have surged following a series of events involving US and Iran. The situation escalated after the US attacked an Iranian military site, prompting Iran to retaliate with missile strikes against US military targets in Iraq.

The price increase is attributed to concerns over potential disruptions to global oil supplies and increased tensions in the region.

No specific figures or percentages are mentioned in the source regarding the price jump, but it's clear that the situation has had a significant impact on the market.