Crude oil surges as Iran risk escalates

BREAKING: Crude oil has surged 18.4% over the last two weeks.
The move comes as the U.S. weighs expanding military action against Iran.
That puts geopolitical risk premium back at the center of the oil trade.
When conflict risk rises in the Middle East, crude markets immediately start pricing possible supply disruptions, shipping risk, and higher insurance costs.
For $WTI and $BRENT, the market is no longer trading only demand data.
It is trading war-risk headlines.