Oil Prices Fluctuate as U.S. Launches New Attack on Iran

The U.S. and Iran engaged in a second day of military exchanges, escalating tensions in the Middle East and triggering a sharp rise in oil prices. The renewed conflict raises concerns about potential disruptions to shipping through the Strait of Hormuz, a critical chokepoint that handles approximately 20% of the world's daily oil supply. Markets are pricing in increased geopolitical risk, with crude and energy-linked equities experiencing heightened volatility as investors assess the scope and duration of the confrontation.

The situation remains fluid, with the trajectory of the conflict and its impact on energy infrastructure yet to be determined. Key factors to monitor include whether military activity continues to escalate, any disruptions to oil production or transit through the strait, and broader geopolitical developments that could either de-escalate or intensify the standoff between the two nations.