Middle East tensions surged, pushing oil prices up over 3% as the crisis hit its 100th day with little peace progress. Recent Israeli strikes in Iran and Lebanon, despite a truce, have dimmed hopes for a deal and reopening the vital Strait of Hormuz. OPEC+'s approved output increase faces hurdles due to supply disruptions.
Middle East tensions surged, pushing oil prices up over 3% as the crisis hit its 100th day with little peace progress. Recent Israeli strikes in Iran and Lebanon, despite a truce, have dimmed hopes for a deal and reopening the vital Strait of Hormuz. OPEC+'s approved output increase faces hurdles due to supply disruptions.
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Middle East tensions surged, pushing oil prices up over 3% as the crisis hit its 100th day with little peace progress. Recent Israeli strikes in Iran and Lebanon, despite a truce, have dimmed hopes for a deal and reopening the vital Strait of Hormuz. OPEC+'s approved output increase faces hurdles due to supply disruptions.
