Oil prices surged Monday amid escalating fears of supply disruptions in the Middle East due to the ongoing U.S.-Iran conflict. The Strait of Hormuz remains largely blocked, forcing refiners to seek alternative crude sources. Despite a modest OPEC+ output increase, key producers face limitations, while Russian supply also sees disruptions. Tensions remain high as ceasefire efforts falter.
​Oil prices surged Monday amid escalating fears of supply disruptions in the Middle East due to the ongoing U.S.-Iran conflict. The Strait of Hormuz remains largely blocked, forcing refiners to seek alternative crude sources. Despite a modest OPEC+ output increase, key producers face limitations, while Russian supply also sees disruptions. Tensions remain high as ceasefire efforts falter. by Soban News (international And National News)
