Oil prices surge as U.S.-Iran tensions escalate, with Brent reaching $85.72 and WTI at $79.98 per barrel.

Brent oil jumps 3% amid US-Iran tensions. WTI reaching $110 by July 2026 at 1.7% YES.

Brent crude climbed above $78 and WTI gained over 3% as escalating Iran-US tensions and threats to Strait of Hormuz shipping raised global supply concerns.

Oil prices climbed to their highest level in four weeks on Tuesday after the United States reinstated a naval blockade on Iran and intensified military strikes, while Tehran…