Oil Tops $100 First Time in 4 Years on Mideast War

Oil prices soar past $100 per barrel for the first time in four years as Middle East conflict escalates, with global prices jumping over 30%. The Strait of Hormuz faces potential closure, threatening 20% of world oil flows and sparking energy shortages in Asia. US and Israeli strikes on Iran trigger attacks on UAE's Fujairah and Oman's Duqm, halting Iraqi crude exports. Brent crude hits multi-year highs above $83, while tanker rates surge 30%. Stock futures plunge amid the chaos. Read more about this...