Fears of Escalation Fuel Oil Price Surge: A Middle East Conundrum The recent spike in oil prices, driven by escalating tensions between the US and Iran, has highlighted the precarious nature of global energy markets.
Brent crude has broken through the $91 a barrel barrier, with some analysts warning that a prolonged "no war, no peace" scenario could persist well into 2027.
Tensions have been exacerbated by attacks on two bases used by US forces in Jordan, and President Donald Trump has vowed to respond to Tehran's strikes.