Global Oil Prices Surge 5% After Conflict Escalates in Strait of Hormuz
Summary:Global oil prices jumped more than 5% following new clashes near the Strait of Hormuz — a key oil shipping route. Tensions between Iran and Western naval forces disrupted tanker movements, fueling investor anxiety. Why It Matters:Oil price spikes impact everything from gas stations to global inflation. Rising energy costs could ripple through consumer markets, … Read more