Energy Markets on Edge: Oil Nears $100 as Global Economy Braces for Impact

Brent crude surged past $100 a barrel for the first time in months, fueled by Houthi attacks on Saudi energy infrastructure and escalating U.S.-Iran tensions in the Persian Gulf. The price spike — up from roughly $72 just two months ago — reflects growing fears that the Strait of Hormuz, which normally carries a fifth of the world's oil, could be severely disrupted. Goldman Sachs has warned prices could hit $120 if...