Oil Prices Surge Above Pre-War Levels After Iran's Strait of Hormuz Attack

Crude oil prices jumped above pre-war levels this week following Iran's latest attack in the Strait of Hormuz, demonstrating Tehran's capacity to move global energy markets through shows of force in the strategic waterway. The spike highlighted the vulnerability of global oil supplies to regional tensions. Analysts expect further price volatility as the situation in the region remains unresolved.