Global oil prices surpassed 100 dollars per barrel following drone attacks on energy facilities in the United Arab Emirates and Iraq as Iran continues to block the Strait of Hormuz.The International Energy Agency authorized a record release of 400 million barrels of crude while US President Donald Trump criticized allies for refusing to provide naval escorts.Although White House adviser Kevin Hassett predicted a quick resolution to the conflict, Asian nations like Pakistan and Vietnam are implementing emergency energy conservation measures.The International Maritime Organization warned that military protection is not a sustainable solution for the hundreds of tankers currently stranded in the volatile Gulf region.