Escalating Tensions in the Middle East: A Perfect Storm for Oil Prices The latest round of strikes in Iran has sent oil prices soaring above $100 a barrel, with Brent crude rising by about 2% on Wednesday.
The escalating conflict between the US and Iran is taking a significant toll on hopes for a peace deal, and investors are starting to get anxious.
The Human Cost of Escalating Conflict As fuel prices continue to rise, families struggling to make ends meet will feel the pinch most acutely. Petrol at the pump has gone up by 4.