Crude Oil Prices Surge Past $116/Barrel Amid Ongoing Middle East War

Crude oil prices surged dramatically on Sunday evening, with WTI crude rising more than 10 points in just a few hours to exceed $116 per barrel. The sharp price spike comes as the ongoing conflict in the Middle East shows no signs of abating. Markets are reacting to continued uncertainty over oil supply routes, including threats to the Strait of Hormuz.