U.S. Crude Oil Tops $100 per Barrel as Market Braces for Prolonged Iran War

U.S. crude oil has risen above $100 a barrel as traders brace for a prolonged war involving Iran, increasing concerns about supply disruptions and inflation. Markets are assessing risks to production, shipping routes, and regional energy infrastructure as military tensions remain high. Higher prices could raise fuel costs for consumers and businesses while complicating central banks’ efforts to control inflation. Governments are monitoring emergency reserves and diplomatic developments as investors gauge how long the disruption might last in the region.