Oil and gas prices surge as Iran conflict shows no sign of easing
Oil surges past $90 as war in Middle East chokes Strait of Hormuz, rattling fuel costs worldwide
Oil prices spiked and showed no signs of easing a week after the United States and Israel launched major attacks on Iran, tipping the Middle East into war and choking off one of the world’s most vital energy arteries, the Strait of Hormuz.
Commercial tankers carrying roughly 20 million barrels of oil a day are stranded in the Persian Gulf, unable to safely pass through the narrow waterway bordered by Iran, as missile and drone…