Oil price rises back above $100 a barrel as energy market may be past ‘point of no return’ - The Guardian

Oil surges back above $100/bbl as U.S. strikes on Iran raise fears of a sustained Hormuz disruption, with market participants debating whether a structural supply shock is now entrenched. The setup creates a tactical long in energy equities and crude-linked instruments, but the Iran-deal optionality cuts both ways — a diplomatic resolution could flush the trade sharply.