Oil Prices Surge Past $120 Amid Extended Iran Blockade Reports
BBC Business
Oil prices exceed $120 as reports confirm an extended U.S. blockade on Iran. What does this mean for consumers and the global economy? Read to find out.
Oil prices soar past $120 amid U.S. blockade of Iran.
Iran threatens shipping in Strait of Hormuz, raising global concerns.
Market analysts warn of potential shortages and rising prices.
Iran's economy faces crisis with inflation hitting 53.7%.