Oil Nears $100: US Strike on Iran Island Risks Spike

Oil prices hover near $100 a barrel right now, and everyone's watching nervously as tensions simmer. A potential US strike on Iran's Kharg Island - a massive oil export hub - could send prices skyrocketing even higher. Kharg handles a huge chunk of Iran's crude shipments, so any disruption there means global supply chaos. Markets are already jittery from ongoing geopolitics, and this scenario has traders on edge. Experts warn it might trigger shortages and inflation waves worldwide. Read more about this...