Oil Surges Above $105 as Iran War Jolts Stocks and Pushes Gas Prices Toward $4
Oil surged past $105 a barrel, while London's FTSE dropped over 1% on Thursday. Iran’s response—reviewing a U.S. proposal to halt the war but refusing dialogue—reversed some of the previous session’s gains. “Ongoing military escalation” and limited tanker movement are keeping energy markets tight, MUFG’s Soojin Kim noted.
