oil prices
Crude Reality: Oil Pierces $115 as Strait of Hormuz Standoff Pushes Global Markets to the Brink
WASHINGTON D.C. — Global energy markets were thrown into a state of high-velocity panic on the morning of April 7, 2026, as West Texas Intermediate (WTI) crude oil futures surged past the $115 per barrel mark. The spike follows a dramatic military escalation in the Middle East, centered on