Crude oil prices rise amid US-Iran tensions and supply risks at Strait of Hormuz.

Crude oil prices surged with Brent near $102 and WTI around $90.60 due to ongoing US-Iran conflict and supply disruptions at the Strait of Hormuz. The partial blockade tightens supply, pushing prices higher and causing global uncertainty. While hopes for a deal and increased US crude inventories limit upside, strong bullish trends remain. Prices could reach $125-$135 soon, with extreme scenarios up to $150-$200 if tensions persist, risking a global recession. Any de-escalation could trigger corrections.