Oil prices have risen following renewed tensions between the U.S. and Iran, as both sides issue escalating threats that risk prolonging their seven-month conflict. The latest exchanges suggest a potential widening of hostilities, raising concerns about supply chain disruptions in global energy markets. Analysts are monitoring how geopolitical instability could impact fuel costs amid already volatile economic conditions. Traders and policymakers are closely watching for signs of de-escalation or further escalation in the standoff.
Oil prices back up as U.S. and Iran trade fresh threats to expand 7-month war CBS News
