Oil jumps 10% on Iran conflict and could spike to $100 a barrel, analysts say

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Global oil prices surged over 10% after escalating tensions between the US and Iran raised fears of supply disruptions. Analysts warn that continued geopolitical instability could push crude to $100 per barrel, with Brent crude leading the rally. The surge reflects heightened risk premiums in energy markets amid military posturing near strategic chokepoints. Rising oil prices threaten to accelerate global inflation and increase energy costs for economies reliant on imports, particularly in the Middle East and Asia.