Oil Prices Rise Amid US-Israel Strikes on Iran and Supply Disruption Concerns

Oil prices have risen sharply amid escalating tensions following US and Israeli military strikes on Iran and stalled nuclear talks. Brent crude settled near $72.50 per barrel, with forecasts suggesting prices could reach $80 or even $100 if supply disruptions occur, especially through the Strait of Hormuz, a critical oil transit route. Analysts highlight a growing geopolitical risk premium driven by uncertainty over potential prolonged conflict and its impact on global oil supply.