Oil Prices Surge Above $100 Amid Iran Conflict
Global oil prices have surged above $100 per barrel following continued attacks on Iran’s energy infrastructure and escalating tensions in the Middle East. The price spike has shaken global markets and raised fears of higher fuel costs worldwide.
Analysts say the conflict has disrupted oil supply routes and created uncertainty in global energy markets. As a result, stock markets in several countries have dropped sharply while investors move toward safer assets.
Economists warn that rising oil prices could trigger inflation across many countries, especially those heavily dependent on imported fuel.
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