Oil prices today: Crude jumps after war disrupts supply routes, global shortage fear looms

Oil prices have jumped significantly. Brent crude is over $110 and WTI is above $100. Supply worries are growing due to the conflict in the Middle East. Iran’s actions and Houthi missile strikes are impacting key shipping routes. This situation threatens global energy flows. Saudi Arabia is rerouting its oil. The US has warned Iran about its energy infrastructure.