Fear is beginning to set in on oil markets around the world as Iran strikes back after the U.S. and Israel launched attacks over the weekend. Insurers are refusing to cover shipments through the critical Strait of Hormuz while Iran is upping its own drone and missile strikes on tankers and Mideast energy infrastructure. Petro prices are surging on markets as experts and traders try to determine just how much of a disruption to energy supplies could be in store, reports Headlight.News.
