💨 Abstract

Tensions between Iran and the U.S. escalate as Iran threatens "crushing" attacks in response to Donald Trump's military threats. This has led to a surge in oil prices due to fears of supply disruptions in the Middle East. Brent crude and WTI crude prices have jumped significantly, reflecting concerns over potential disruptions in the Strait of Hormuz, a crucial oil shipping route. Analysts warn of potential long-term economic impacts, including higher fuel prices and transportation costs.

Courtesy: Garrin Lambley