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Oil surges past $100 as U.S.–Iran conflict escalates
Photo — Soly Moses / Pexels
Global oil prices have spiked back above $100 per barrel amid intensifying confrontation between the United States and Iran, including reported U.S. destruction of additional Iranian oil tankers and Iranian threats of retaliation.[4][5][11][6][7][12] The surge is raising immediate concerns about energy supply disruptions, inflation and broader instability across the Middle East.[4][6][7]