Brent crude oil prices have surpassed $100 per barrel due to the ongoing Iran conflict, with the US preparing for a potential long-term disruption in the energy market. The conflict is also affecting India, where households and businesses are experiencing high prices and shortages of cooking fuel. The US President has stated that he is more focused on stopping Iran than on addressing high oil prices. The military is not yet able to escort tankers through the Strait of Hormuz, exacerbating market
Brent crude oil prices have once again topped $100 per barrel, as energy markets brace for the Iran conflict to drag on. US President Donald Trump says he's less concerned about high oil prices than about stopping Iran, while his energy secretary has confirmed the military cannot yet escort tankers through the Strait of Hormuz. Also in the show - Indian households and businesses are facing high prices and shortages of cooking fuel, linked to the Gulf disruptions.