Global oil prices top $95 a barrel as war threats and Red Sea blockade fears mount

Global oil prices have vaulted above $95 a barrel, driven by the threat of continued fighting and a potential blockade of the Red Sea that could disrupt energy flows from the Middle East. The escalating geopolitical risk is adding significant uncertainty to global energy markets. Analysts point to the combination of conflict risk and supply-route vulnerability as the key drivers of the surge.