Oil Prices Soar as Iran-US Tensions Escalate
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Show Notes
Oil prices soar as tensions escalate in the Middle East, with West Texas Intermediate surpassing $110 and Brent crude nearing $117. President Trumps warning of action against Iran triggers a series of attacks, shutting down the Strait of Hormuz and disrupting global energy supplies. Markets panic over the lack of a clear U.S. plan, fearing prolonged supply chain disruptions and shortages. Analysts warn of extended closures, keeping oil prices high and squeezing consumers and businesses. Energy companies stand to benefit, but the duration of the standoff remains uncertain.
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