Are US-Iran tensions triggering the next global oil shock?

29 June, 2026, 02:00 pm

Last modified: 29 June, 2026, 02:03 pm

Are US-Iran tensions triggering the next global oil shock?

29 June, 2026, 02:00 pm

Last modified: 29 June, 2026, 02:03 pm

Oil prices surged after renewed military tensions between the United States and Iran disrupted energy shipping through the Strait of Hormuz. Brent crude climbed as supply concerns returned, while Venezuela's earthquake crisis and refinery shutdown added fresh uncertainty to global energy markets. Watch this video for the latest developments, what is driving oil prices higher, and why analysts warn that supply risks could keep markets on edge.

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