$100 Oil: A War Driven Price Spike The recent surge in global oil prices to over $100 a barrel is not just another iteration of market volatility it's a stark reminder that geopolitics and energy policy remain intertwined.
The price spike, driven by the ongoing conflict between the US and Iran, has sent shockwaves through financial markets, with major stock indexes plummeting in response.
The timing of this crisis couldn't be more ominous. Just last month, oil prices briefly dipped to their lowest level since before the Iran war's outbreak on news of a potential deal to end hostilities.