Energy Market: Oil prices spike as US-Iran edge closer to conflict

20 April, 2026, 10:25 pm

Last modified: 20 April, 2026, 10:26 pm

Energy Market: Oil prices spike as US-Iran edge closer to conflict

20 April, 2026, 10:25 pm

Last modified: 20 April, 2026, 10:26 pm

Oil prices are surging as tensions escalate between the US and Iran over critical Middle Eastern shipping routes. With peace talks stalling and the threat of conflict looming, global markets are on edge, pricing in the risk of a major supply disruption before it even happens.

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