Oil's Illusory Comfort Zone The $100 a barrel milestone may be a psychological benchmark for some investors, but it serves as a stark reminder that global energy markets are vulnerable to the whims of geopolitics.
The latest spike in oil prices is not an anomaly – it's a symptom of a conflict that has been simmering for months.
The US military's destruction of five Iranian tankers last week was the catalyst for this new wave of price volatility, but the situation is more complex than meets the eye.