US Strike in Strait of Hormuz Sends Oil Prices Soaring
The US military strike on an Iranian island in the Strait of Hormuz has led to retaliation from Tehran, causing oil prices to surge.
Brent crude hit $89.18 per barrel, while US WTI reached $84.32, sparking concerns about potential disruptions to global oil supplies.
The ongoing conflict in the region is making oil prices increasingly unpredictable, with this latest development contributing to their volatility.