The Economic Times

US oil prices may cross $100 as Iran restricts Strait of Hormuz, surge odds hit 44%

Oil prices may rise again as Iran controls the Strait of Hormuz, a key oil route. Tensions with the US are increasing, and talks are still not clear. Markets are reacting fast to every update. If the situation gets worse, fuel prices could go higher soon, affecting transport, daily goods, and the global economy.