Oil Surges to $105 as Iranian Strikes on Gulf Targets Escalate Supply Risks
Brent crude has surged toward the $105 mark following reports of Iranian military strikes against targets in the Gulf, heightening fears of a major supply disruption in the Strait of Hormuz. While energy markets are reacting sharply to the geopolitical escalation, global equity markets remain mixed as investors weigh the inflationary impact against broader economic resilience.