Oil Prices Jump Above $90 As U.S. and Iran Trade Strikes. Is $100 Next?

Oil markets have adapted over the past six months to the risk that the U.S.-Iran conflict can escalate rapidly without turning into a full-scale war. The takeaway is persistent geopolitical uncertainty that can intermittently affect supply expectations even short of major war scenarios. Overall implications skew cautious for crude pricing rather than signaling a definitive supply shock.