Oil prices surged beyond eighty-five dollars per barrel on Wednesday. This occurred after the United States reinstated a naval blockade on Iran. Fighting between Washington and Tehran escalated, raising concerns over crude supplies. The United Arab Emirates reported Iranian cruise missile attacks on oil tankers. American forces continued strikes on Iranian military targets across the region. Oil prices surged beyond eighty-five dollars per barrel on Wednesday. This occurred after the United States reinstated a naval blockade on Iran. Fighting between Washington and Tehran escalated, raising concerns over crude supplies. The United Arab Emirates reported Iranian cruise missile attacks on oil tankers. American forces continued strikes on Iranian military targets across the region.
