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.

Oil prices surged by more than 4% after renewed U.S.-Iran hostilities and competing claims over the status of the Strait of Hormuz reignited fears of major supply disruptions.

Oil prices surge as fresh US-Iran attacks threaten a fragile truce and raise fears over global supply disruptions.

US-Iran tensions escalate, driving oil prices higher. WTI reaching $110 in July 2026 priced at 2.6% YES.

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…