Oih prices surge 9%, amid escalating Iran war and impact on global oil supplies

Oih prices surged to $90 per barrel on Friday, poised for their biggest jump since early 2020, as tensions with Iran over energy supplies escalate. The price spike comes amid concerns of a potential war between the US and Iran, which could disrupt global oil markets. US crude oil prices rose near 9% in response to the escalating situation. Stocks also continued to drop as investors reacted to the market volatility.