Oil Prices Surge Amid Congressional Division Over Iran War
Oil prices have surged to their highest levels in nearly two months due to escalating tensions in the Iran war, which threaten global energy supplies. Brent crude oil closed at $100.69 per barrel, marking a significant increase. The rise in prices follows attacks by Tehran-backed Houthi rebels on Saudi oil tankers, expanding the conflict beyond the Strait of Hormuz. Concurrently, the U.S. Congress is divided over the continuation of the Iran war, with the House passing a nonbinding proposal to end it, while the Senate rejected a similar resolution. The political maneuvering reflects broader concerns about the war's impact and the role of Congress in authorizing military actions. 
