The Escalation Engine: How Washington's Endgame is Fueling Oil Price Volatility Tensions between Iran and the US have escalated in recent weeks, with a series of retaliatory strikes and counterstrikes sending shockwaves through global markets.
Brent crude prices have soared past $90 a barrel, while US West Texas Intermediate futures have climbed to nearly $88 per barrel.
At the heart of this crisis is the Strait of Hormuz, a critical maritime chokepoint that Iran has long used as leverage against its regional adversaries.