Oil prices surges on fears of supply disruption amid escalating conflict Oil prices surged amid fears that the escalating conflict between the United States, Israel and Iran could disrupt global energy supplies. Brent crude rose to about $92.69 a barrel, up 8.5 percent for the day and nearly 30 percent for the week. Traders are closely watching developments around the Strait of Hormuz, a key shipping route where Iran has repeatedly threatened to block...