US-Iran Conflict Sends Oil Prices Soaring Amid Supply Disruption Fears

Oil prices surged in Asian trade on Monday morning as escalating tensions between the US and Iran stoked concerns over potential supply disruptions in the Middle East. This move comes after a string of military actions, including the US striking three Iranian ships after missiles were fired at an American aircraft carrier.

The Organization of the Petroleum Exporting Countries (OPEC) and its allies have agreed to keep oil output steady in October, marking their sixth consecutive monthly increase. However, this decision has done little to alleviate concerns over supply disruptions in the region.

Meanwhile, Canadian ire towards President Donald Trump's recent move to change the name of one of the Great Lakes has intensified, with Canadians doubling down on US boycotts over tariffs and Trump's 'Lake America' proposal.