Why are oil prices surging after Trump's Iran blockade warning ?
Oil prices are soaring amid Donald Trump's warning that US blockade of Iranian ports could continue for months, raising fear of long supply disruption. Hormuz, which carries about 20% of world's oil, remains under severe pressure. Traders worry that prolonged tensions or fresh military action could choke global supplies, pushing Brent crude above $126/barrel and unsettling stock markets worldwide.