Global oil markets are bracing for a potential surge to $108 per barrel following recent American-Israeli strikes on Iran.While Brent crude hit a six-month high of $73, analysts like Clemens Fuest suggest that USA shale production may cushion the global economic impact.Bloomberg warns that a total closure of the Strait of Hormuz remains a worst-case scenario for energy security.Shipping firm
Hapag-Lloyd is currently rerouting vessels while experts like
Vandana Hari monitor the daily flow of 13 million barrels of oil.