Oil Prices Surge as President Trump Intensifies Pressure on Iran
Oil prices have continued to rise, with Brent crude futures reaching over $115 per barrel, as President Trump issues new threats to Iran amidst ongoing conflict. The U.S. plans to extend its blockade of Iranian ports, further straining global oil supply chains. The UAE's recent departure from OPEC adds to market uncertainty, as traders anticipate prolonged disruptions in the Strait of Hormuz, a critical chokepoint for global oil shipments. The conflict has already led to significant increases in oil prices, with West Texas Intermediate futures also experiencing substantial gains. 
