Global Oil Prices Surge Amid Middle East Tensions

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July 2025 – London: Global oil prices have jumped to their highest levels in two years following renewed political tensions in the Middle East. Analysts warn that continued instability could affect energy markets worldwide, pushing gasoline costs higher for consumers in the U.S. and Europe.

According to Reuters, Brent crude futures rose by more than 5% in a single day, reaching $95 per barrel. Economists say that if the situation escalates, prices could cross the $100 mark by early August.

Energy experts recommend that countries diversify their energy sources to reduce dependence on volatile oil markets.

External Sources:

• Reuters Energy
• BBC Business