West Texas Intermediate (WTI) surged over 8% on Monday, breaking through per barrel amid escalating tensions between Iran and the United States. The conflict, which disrupted shipping through the strategic Strait of Hormuz, triggered a sharp rise in oil prices as traders feared potential supply chain disruptions. The Strait of Hormuz, a critical chokepoint for global oil exports, handles about 20% of the world's oil shipments, making any instability there a major concern for energy markets. The surge in oil prices has significant implications for global markets, particularly for energy-dependent economies. Traders are now closely monitoring geopolitical developments in the Middle East, as any escalation could further tighten supply and drive prices higher. Additionally, the rise in crude prices could impact inflation rates and economic growth in oil-importing nations, while benefiting oil-producing countries. For investors, the volatility underscores the importance of hedging against energy price swings. The market will likely remain sensitive to news from the region, with OPEC+ production decisions and U.S. military responses also under scrutiny. Traders should watch for further developments in the Strait of Hormuz and potential adjustments in global oil supply strategies.