Oil jumps over 4% as Netanyahu and Trump remarks stoke worries of prolonged Middle East conflict

Oil prices surged following remarks by Netanyahu and Trump, raising concerns about an escalation of the conflict with Iran and potential disruptions to energy supplies. The Strait of Hormuz remains a critical concern, and analysts predict further price increases if a deal isn't reached. Market dynamics are being compared to the 2020 pandemic, with wealthier nations potentially paying higher prices while poorer nations face economic hardship.