Escalating geopolitical tensions between the United States and Iran are driving significant upward pressure on global oil markets. Brent crude surged 4% to reach $79.11 per barrel, while WTI crude climbed to $74.36, reflecting investor concerns over potential disruptions to critical shipping routes through the Strait of Hormuz. These strategic waterways facilitate roughly one-third of global maritime oil trade, making supply chain risks a major market catalyst.

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