Renewed U.S.-Iran hostilities have pushed Brent above $85, ending the oversupply narrative and reviving fears of a global oil shortage.

Renewed U.S.-Iran hostilities have pushed Brent above $85, ending the oversupply narrative and reviving fears of a global oil shortage.

Renewed conflict between the United States and Iran has reignited fears over global oil supplies, with analysts warning crude prices could remain elevated through 2027.