Oil Price Volatility: The Unseen Casualty of Global Tensions The recent 3% surge in Brent crude prices, pushing it above $90 a barrel, is a symptom of a complex and deeply ingrained issue. Behind the headlines of U. S.
Iran hostilities lies a tangled web of strategic interests, energy market dynamics, and economic vulnerability.
The attack on Iranian launchers on Larak Island has reignited concerns about oil supply security, particularly through the Strait of Hormuz, one of the world's most critical chokepoints for global energy shipments.