As tensions rise in the US-Iran conflict, oil prices remain steadfast above ninety-two dollars per barrel. Concerns loom over the security of shipping routes through the crucial Strait of Hormuz. While analysts predict a steady increase in oil prices amid ongoing regional instability, institutions like JPMorgan and Goldman Sachs suggest sharp price surges could happen if disruptions continue.

Iran-US tensions keep oil prices high. Crude oil reaching a new all-time high by December 31 at 13.5% YES.

Oil prices remained close to recent highs, above the $90 per barrel mark in early trade on Thursday as investors assessed uncertainty surrounding the US-Iran war and the shipping…