Strait of Fear: The Oil Price Spike and the Hidden Costs of Escalation The latest round of US Iran clashes has sent oil prices surging, with Brent crude topping $90 a barrel for the first time in months.
Behind this statistic lies a complex story of escalating tensions, regional instability, and far reaching consequences for global markets.
The Strait of Hormuz, connecting the Persian Gulf to the Arabian Sea, remains at the center of the conflict.