Israel-Iran escalation sparks oil prices surge over 7%, markets brace for supply shock; Hormuz chokepoint back in spotlight

Oil prices spiked more than 7% on Friday as a sharp escalation between Israel and Iran unnerved global energy markets. With fears mounting over potential supply disruptions, both Brent and US crude benchmarks climbed to levels not seen since January.By mid-morning in London, Brent crude […]