Oil Rockets 30% to Above $110/bbl, Biggest Jump Since 2020 as Iran War Rattles Global Supply
Global energy markets were thrown into turmoil as crude oil prices surged by 30%, crossing the $110 per barrel mark. This sharp rise, the largest since 2020, comes amid escalating conflict involving Iran, which has disrupted supply chains and heightened fears of prolonged instability in the Middle East. The Surge in Oil Prices The sudden…