Global Oil Prices Surge Amid Iran's Escalated Attacks

Iran escalated attacks on shipping and energy infrastructure in Iraqi waters, hitting two tankers, pushing crude above $100.
UN Security Council condemned Iran's attacks as a breach of international law.
IEA announced a record 400 million-barrel release, including 172 million from the U.S. Strategic Petroleum Reserve.
Attacks near Iraq caused ports to halt operations, with one death and eight rescued.
Analysts predict an 8 million barrel/day supply drop, and Goldman Sachs forecasts Brent at $98, possibly $110 if Hormuz is disrupted.

Conflict | Security | Oil

Iraq | Gulf States | Strait of Hormuz

4 weeks ago