Crude Oil Prices Soar: Geopolitical Tensions, Not Demand, Drive Surge Above $70

• Brent crude hits $70, WTI above $65; MCX prices near 6000 amid rising geopolitical tensions.
• Experts warn US-Iran conflict could push oil prices higher, potentially reaching $80.
• Regime change in Iran could stabilize prices at $55 if supply increases, but attacks risk uncontrollable surge.
• Trading.com CEO Peter McGuire states Brent could hit $75 due to geopolitical risk, impacting China and Asia.
• Unresolved Russia-Ukraine situation and US response to Iran's Strait of Hormuz threats add to market volatility.