Global oil markets on edge as West Asia unrest triggers new energy shockwave
NYMEX Crude oil has surged to a near one-year high as the conflict in West Asia intensifies, disrupting key energy routes and amplifying fears of deeper supply shocks. The region, home to the vital Strait of Hormuz, through which nearly 20% of global oil trade flows, has witnessed escalating military strikes and retaliatory attacks, sharply…