Oil Prices Surge Above $90 Amid U.S.-Iran Hostilities

Global oil prices settled above $90 a barrel after hostilities resumed between the U.S. and Iran, marking the first exchange of fire in a month. The conflict in the Middle East is now entering its seventh month, contributing to rising oil prices. This increase may influence market dynamics, particularly for investors in energy-related sectors. Monitoring oil price movements is essential for ordinary investors, as these changes can affect gasoline prices and inflation.