Oil Hits $114 After Iran Strikes UAE | US Sinks 6 Iranian Boats | FPIs Turn Buyers | Opening Bell

Following attacks on the UAE and the sinking of six Iranian boats by the US, oil prices surged to $114. The US is reinforcing ship protection in the Strait of Hormuz, while a shift in FPI investment is impacting the market. The situation is exacerbating energy market instability due to heightened tensions in the Middle East.