Oil prices have soared past $90 a barrel as hostilities between the U.S. and Iran escalate, raising concerns over global supply disruptions. The recent spate of airstrikes and heightened conflict in the Middle East, particularly affecting the vital shipping routes in the Strait of Hormuz, has sent oil prices climbing. As investors brace for potential further disruptions, analysts warn that the markets might be underestimating the impact of these geopolitical tensions. With the threat of intensified fighting and complications in energy supply chains, oil market volatility is expected to persist.