Oil Prices Swing as Middle East Tensions Rise | Bermuda News

Oil prices are swinging wildly as global markets brace for escalation in the Middle East — with tankers hit by sea mines and fears of a full-blown conflict threatening to send crude soaring past $100 a barrel. Yet, despite the chaos, 17 million barrels still flowed through the Strait of Hormuz last week — a lifeline that’s now under constant military threat. Meanwhile, Russia’s drone strikes on Ukraine’s energy infrastructure add another layer of instability. Experts warn this is a “binary risk”: calm could bring relief, but even one more attack could ignite a price explosion. 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/a1469870bfcd7d75