Oil prices hit wartime peak

Brent crude oil prices surged past $126 per barrel, marking their highest level since the start of the conflict with Iran.

The spike is driven by reports that President Trump is considering fresh military strikes to break the ongoing Strait of Hormuz blockade and a potential ground troop deployment.

Market volatility remains high as the U.S. Navy continues to intercept Iranian tankers, effectively halting 20% of the world's oil supply.

Analysts warn that if the stalemate persists, gasoline prices in the U.S. could rise by another 30 cents per gallon.