Oil Climbs to $65 Amid Rising Tensions From Iran to the Black Sea

Oil prices have recently climbed near $65 per barrel as geopolitical tensions flare from the Middle East to the Black Sea region, creating concerns about supply disruptions and pushing oil markets higher. This rise reflects growing unease about the stability of global energy flows, especially given unrest in Iran and ongoing conflicts affecting Russian supply lines. As markets react, oil remains a key driver of inflation expectations, corporate costs, and investor decisions across commodities and equities globally.