Commodities
US-Iran Tensions Send Oil Prices Soaring Amid Supply Worries
Oil prices have been rising cautiously due to the ongoing tensions between the US and Iran. Although Washington has signaled progress in negotiations, Tehran is demanding conditions before reopening the Strait of Hormuz, which has caused uncertainty in the market.
Analysts warn that if the deadlock continues, oil prices could surge significantly, potentially reaching $120-$140 per barrel by Q4 due to supply constraints and depleted inventories.