Crude Oil Prices Soar 40% Amid US-Israel-Iran Conflict, Strait of Hormuz Disrupted

• Crude oil prices surged over 40% in 15 days, from $73 to $103 per barrel, since the US-Israel-Iran conflict began on February 28.
• The conflict, which saw US-Israel forces attack Iranian assets and kill Ayatollah Ali Khamenei, disrupted energy supply routes.
• The Strait of Hormuz, a critical energy chokepoint, is central to global oil transportation, affecting markets, especially in Asia.
• Market experts, including Ponmudi R of Enrich Money, predict high volatility due to geopolitical developments.
• Prolonged disruption in the Strait of Hormuz could tighten global oil supplies and impact inflation in Asia.