Oil Prices Soar as US-Iran Tensions Escalate

Oil prices surge for the fourth consecutive day amid escalating tensions between the US and Iran, with no peace talks in sight. Brent crude nears $104 per barrel, while West Texas Intermediate hovers around $95. The conflict in the Persian Gulf has disrupted oil flows, with the Strait of Hormuz nearly shut down. Despite no new explosions in Iran, traders and experts predict prices will continue to rise due to the ongoing blockade. Meanwhile, Irans gunboats have fired on commercial ships, and US forces have seized or turned back dozens of vessels. US oil inventories have dropped, with exports reaching a record high. Without resolution, markets face further supply squeezes and upward pressure on prices. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/388182dd5b1cbbb7