US-Iran Tensions Send Oil Prices Soaring Again

Oil prices have risen further on Tuesday as tensions between the US and Iran escalate once again. The rise in oil prices comes after weeks of relative calm, with fears of a broader escalation driven by renewed military exchanges between the two countries.

The situation has been exacerbated by Donald Trump's vow to hit Tehran 'hard', fueling concerns about a potential conflict.

Oil prices have been volatile in recent months, influenced by various global events. However, this latest development has caused concerns among investors and analysts, who are monitoring the situation closely.