Post by Ibadan Watch (@Ibadanwatch)

Oil Prices Surge Above $100 as Middle East Conflict Escalates.

Global oil prices have surged above $100 per barrel as conflict involving the United States, Israel, and Iran threatens energy supplies. Brent Crude jumped amid fears of disruptions around the Strait of Hormuz.

The International Energy Agency announced a record emergency oil reserve release, but attacks on regional infrastructure and shipping have continued to fuel market volatility.

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