Oil at $130? How the U.S.-Iran War Threatens Global Energy Chaos
War, Oil, and the Global Price Shock The sudden escalation between the United States and Iran following U.S. airstrikes on Iranian nuclear sites has sent shockwaves through the global energy market. Within hours, oil prices spiked: Brent crude surged by 5.7% to over $80 per barrel, and WTI rose above $75. But this may be…