**Global Tensions Escalate as Iran Conflict Looms: Oil Prices Soar** As the United States reportedly plans to blockade the strategic Strait of Hormuz, a key oil shipping route, oil prices have surged above $100 per barrel, causing widespread concern among economists and traders. The move, which is seen as a major escalation of the conflict between the US and Iran, could have far-reaching consequences for the global economy. With tensions between the two nations reaching a boiling point, the world waits with bated breath as the situation unfolds. Will the blockade be implemented, and what will be the impact on global markets? Read on for the latest developments in this rapidly evolving crisis.
Iran War Live Updates: Oil Climbs Above $100 as U.S. Plans Hormuz Blockade The New York Times
