Oil Prices Rise Above $100 Amid West Asia Tensions

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AI-generated summary of the coverage listed below: Oil prices climbed above $100 a barrel on Thursday as a series of attacks in West Asia intensified concerns about regional stability. The surge follows the ongoing US‑Iran conflict, now in its seventh month, and signals growing worries that the Federal Reserve may need to raise interest rates to curb inflation. The spike in energy costs is expected to add pressure to global markets and consumer prices, heightening inflation fears worldwide.

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