Middle East tensions escalated Friday, sending oil prices soaring as US strikes on Iran intensified. Brent crude climbed 7.8% to $109.03 per barrel, with WTI futures reaching record premiums. Disruptions in the Strait of Hormuz, a vital oil transit route, are fueling supply concerns and pushing energy prices to multi-year highs. Middle East tensions escalated Friday, sending oil prices soaring as US strikes on Iran intensified. Brent crude climbed 7.8% to $109.03 per barrel, with WTI futures reaching record premiums. Disruptions in the Strait of Hormuz, a vital oil transit route, are fueling supply concerns and pushing energy prices to multi-year highs.
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Oil prices today: Crude jumps beyond $111 as Trump dashes hopes of quick Iran war end
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