Oil Prices Surge Above $100

Crude oil and natural gas prices surged in early market trading as investors reacted to the failure of 21-hour negotiations in Islamabad.

President Trump's order for the U.S. Navy to interdict any vessel paying tolls to Iran has effectively halted significant maritime traffic through the Persian Gulf.

Analysts warn that the energy shock could lead to a prolonged period of high inflation and increased costs of living across the globe.

Major economies, including China and several European nations, are facing critical supply shortages as tankers remain stranded outside the blockade zone.