Global oil markets are reacting strongly after US forces struck Iran’s Kharg Island, a key oil export hub. Prices for Brent and WTI crude have surged past $100 per barrel. The Strait of Hormuz, a vital shipping lane, faces potential disruption. Iran has threatened retaliation, raising regional tensions. Investors and businesses should monitor developments closely as oil prices remain volatile.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets