Oil Prices Surge as US-Iran Tensions Escalate | London News

Tensions between the US and Iran just hit a boiling point as peace talks collapsed, sending oil prices soaring past $90 a barrel — the highest since July. President Trump escalated the drama by demanding Iran surrender and even threatening to bomb Oman if it interfered. Iran’s response? More aggression — including an attack on a cargo ship in the Strait of Hormuz, with officials warning ships will soon be riddled with holes. With only six vessels navigating the chokepoint last Monday, markets are bracing for a prolonged shutdown. Analysts warn this could trigger a “double whammy” with the Ukraine war still raging — potentially pushing energy prices even higher as geopolitical chaos continues to ripple through global markets. Listen in comfort:Get a discount on a Soli Pillow: http://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/544d0a34ab2b8734