Amid the Iran war, oil prices surged sharply after US President Donald Trump signalled continued attacks on Iran, raising fears of prolonged disruptions to global supply. Brent crude jumped above $108 per barrel while WTI climbed past $107 as markets reacted to escalating tensions. The surge comes amid rising risks around the Strait of Hormuz, a critical shipping route handling a significant share of global oil flows. Reports of tanker attacks and growing maritime threats have further pushed traders to price in worst-case supply disruptions.