Oil Prices Surge as US-Iran Conflict Escalates and Diplomatic Efforts Stall

Oil prices jumped significantly today, with Brent crude briefly spiking above $95, as tensions between the United States and Iran escalated. Reports indicate Iran launched fresh retaliatory strikes on U.S. bases and assets in the region. Both nations have signaled they are not ready to return to the negotiating table, contributing to market uncertainty and driving up energy costs.