Tensions in the Gulf Set Oil Prices Soaring The global price of oil has breached $100 per barrel, driven by escalating tensions between Iran and the US.
The latest surge is a direct result of the ongoing conflict, which began after Washington's botched assassination attempt on top Iranian military official Qasem Soleimani in January.
Escalating tensions have been simmering for months, with many fearing a full blown war that could disrupt global oil supplies.