Iran-Israel War Shakes Markets: Oil Prices Surge, Will Crude Hit $100?

• Oil prices jumped significantly due to the Iran-Israel conflict, with Brent crude reaching $77.42 and US benchmark crude $70.85.
• Concerns rise over global crude supply disruptions if the conflict escalates, potentially leading to higher inflation.
• The Strait of Hormuz, a critical oil transit route, has been affected, increasing fears of supply shortages.
• US stock markets experienced volatility; airline and cruise stocks declined, while oil company shares surged.
• Investors sought safe-haven assets like gold, and experts predict Brent crude could reach $100-$115 if tensions persist.