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Mon Mar 30 2026

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Global Oil Prices Surge as Tensions Escalate Between U.S. and Iran

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Global energy markets are reacting sharply to rising geopolitical instability, with Brent crude oil prices climbing to $115.70 per barrel. The spike comes amid growing reports of potential military escalation in the Middle East.

Recent unverified reports have circulated suggesting that the United States is actively planning a ground campaign against Iran, with claims that thousands of American troops are being prepared for deployment. While these reports have fueled market anxiety, they remain part of a volatile information environment surrounding the region.

In response to the mounting pressure, Mohammad Bagher Ghalibaf, the Speaker of the Iranian Parliament, issued a statement criticizing the perceived duplicity of Western powers. Ghalibaf alleged that while the 'enemy' speaks publicly about the necessity of negotiations, they are simultaneously making clandestine preparations for ground operations.

The surge in oil prices reflects the market's sensitivity to any potential disruption in the Persian Gulf, a critical artery for global energy supplies. Investors are closely monitoring the rhetoric from both Washington and Tehran, as any direct military confrontation would likely trigger further significant volatility in global commodity markets.

As of now, official confirmation regarding specific troop movements or ground invasion plans remains limited. International observers are calling for diplomatic restraint to prevent a wider regional conflict that could have devastating consequences for global economic stability.

Source: Telegram / tikvahethiopia