Oil Tops $116 a Barrel in Historic Price Surge Global energy markets have been sent into turmoil as oil tops $116 a barrel following explosive accusations by Iran that the United States is actively preparing a military invasion. The moment oil tops $116 a barrel marks one of the most significant price milestones in recent years sending shockwaves through economies, financial markets, and households worldwide. The Brent crude oil price surge reflects the extreme fear premium that geopolitical escalation in the Middle East is injecting into global energy markets at…
Read MoreOil Tops $116 a Barrel as Iran Accuses US of Preparing Invasion
