Oil prices rise as US-Israeli war with Iran continues to disrupt supply

April 6, 2026

Oil prices surged Monday amid escalating fears of supply disruptions in the Middle East due to the ongoing U.S.-Iran conflict. The Strait of Hormuz remains largely blocked, forcing refiners to seek alternative crude sources. Despite a modest OPEC+ output increase, key producers face limitations, while Russian supply also sees disruptions. Tensions remain high as ceasefire efforts falter.

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