Oil Prices Soar Amid Middle East Conflict: A Ticking Time Bomb for Global Energy Security The recent spike in oil prices above $95 a barrel is a stark reminder of the precarious balance between global energy security and regional geopolitics.
The escalating conflict in the Middle East, marked by renewed US Iran aggression and Houthi threats to target vessels carrying Saudi oil, has set off alarm bells among analysts and policymakers.
The price surge follows an 11th night of strikes on Iran, including aircraft hangars and drone storage sites, despite diplomatic efforts to salvage an interim ceasefire deal.