Crude oil prices have risen above $120 per barrel amid ongoing tensions with Iran, threatening potential disruptions in Middle Eastern fuel supplies. Despite strong earnings reports and positive economic data, fears persist about prolonged supply constraints negatively impacting global economic growth.

Crude oil prices have hit a wartime high surpassing $120 per barrel amid escalating tensions with Iran. Despite strong earnings and economic indicators, fears of prolonged disruption in Middle East fuel supplies persist, potentially threatening global economic growth.