U.S. oil prices surge by nearly 5% on bets that U.S. strike on Iran is imminent

Core Viewpoint - Oil prices increased by nearly 5%, reaching the highest level since July due to escalating tensions between the U.S. and Iran, which raised concerns about potential disruptions to global oil supply [1] Group 1: Oil Price Movement - The global benchmark for oil prices hit its highest level since July [1] - The increase in oil prices was nearly 5% on Thursday [1] Group 2: Geopolitical Factors - Tensions between the U.S. and Iran are worsening, contributing to the rise in oil prices [1] - Concerns over potential disruptions to global oil supply are heightened due to these geopolitical tensions [1]