Oil prices surge when geopolitical tensions threaten energy supply routes, as demonstrated by Brent crude oil crossing $103 amid Middle East tensions, where uncertainty around the Strait of Hormuz—a critical global energy shipping lane—creates supply concerns that drive prices upward.
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Oil Surges Past $103Added:
Why is oil suddenly spiking again? Brent crude oil just crossed $103 as tensions in the Middle East stay high. Donald Trump rejected Iran's response and talks are still uncertain. Meanwhile, Benjamin Netanyahu says it's not over. That's raising supply concerns, especially around the Strait of Hormuz, a key route for global energy. Now prices are pushing higher. So how high can oil go from here?
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