Surging Oil Prices Amid Escalating Tensions in the Strait of Hormuz
24.04.2026, 05:00
Oil prices have seen significant increases, topping $105 per barrel, as tensions in the Strait of Hormuz escalate. The ongoing deadlock between the U.S. and Iran, coupled with recent air attacks and military threats, has kept markets on edge. With the Strait of Hormuz remaining shut, supply concerns...