The Ticking Time Bomb of Global Oil Prices The oil markets are on a knife's edge, with Brent crude topping $100 a barrel.
But it's not just this milestone that should be sending alarm bells ringing – it's the prospect of a perfect storm brewing in the Middle East that could send prices skyrocketing even higher.
Tensions between Iran and the US have escalated, with Iranian proxy forces imposing a Red Sea blockade. The threat to global oil supplies is becoming increasingly real.