Strait of Desperation: The Oil Price Surge That Won't End The recent spike in oil prices, driven by tensions between the US and Iran, has left many wondering if it's a repeat of 2019's price wars or a new chapter in the global energy market.
On the surface, it seems like more of the same – threats of bombing bridges and power plants, escalating rhetoric from Washington, and Tehran's refusal to negotiate a deal.
However, scratch beneath the surface, and you'll find a complex web of interests at play.