Global Oil Price Rises to $90 a Barrel After U.S. and Iran Trade Attacks

Global oil prices have surged to $90 a barrel following recent attacks between the U.S. and Iran, causing significant ripples in energy markets worldwide. This escalation has led to a 37% increase in average U.S. gasoline prices since the conflict began, reflecting broader economic implications for consumers and industries reliant on cheap energy. The situation underscores the vulnerability of global supply chains and the potential for further volatility in oil markets as geopolitical tensions persist.