US Crude Oil Surges 8% Past $104 a Barrel as Iran Blockade Threat Rattles Global Markets
A single-day jump of 8% in crude oil is the kind of move that rewrites quarterly forecasts across the Gulf overnight. That is exactly what energy markets delivered on Sunday, driven by a geopolitical escalation that places Iran — and by extension the entire MENA energy corridor — at the centre of global supply anxiety. … Read more