Oil Prices Surge Amid Conflict

Benchmark Brent crude climbed toward $96 a barrel after the US Navy seized an Iranian-flagged vessel and Tehran responded with threats of retaliation.

The closure of the vital energy corridor has stranded hundreds of tankers and forced major airlines to reconsider fuel supply logistics.

Analysts warn that if the disruption persists, it could drive global inflation higher and push major economies toward recession.

The price of US gasoline has already topped $4 per gallon, creating significant political pressure on the Trump administration as midterm elections approach.