Oil Surges for 4th Day, Brent Above $115 Amid West Asia Conflict, Supply Fears

• Oil prices extended gains for a fourth straight session, with Brent crude above $115 a barrel, driven by intensifying conflict in West Asia.
• Brent crude futures for May rose 2% to $115.04, while U.S. WTI futures climbed 3% to $105.96, marking multi-week highs.
• The rally is fueled by deepening supply disruptions, with Brent up 59% and WTI up 58% in March, on track for record monthly gains.
• Iran's effective closure of the Strait of Hormuz, a vital artery for global oil flows, is central to the spike, raising fears of a prolonged supply crunch.
• Concerns are widening to a 'twin chokepoint' crisis with potential disruption at the Bab el-Mandeb strait, a nightmare scenario for global supply chains.