Oil price today: Crude continues to climb amid Hormuz supply crisis; Brent, WTI jump 2%

 Middle East conflict intensifies, driving oil prices higher as fears of supply disruptions mount. The Strait of Hormuz remains largely disrupted, impacting production and leading to calls for strategic reserve releases. Analysts warn of further price hikes if tensions persist, potentially impacting global economies. Middle East conflict intensifies, driving oil prices higher as fears of supply disruptions mount. The Strait of Hormuz remains largely disrupted, impacting production and leading to calls for strategic reserve releases. Analysts warn of further price hikes if tensions persist, potentially impacting global economies.