Iran’s War Drags On, Oil Prices Soar | Global News

The U.S. has cracked Iran’s chokehold on the Strait of Hormuz, slashing Tehran’s oil exports while boosting global flows — but at a steep cost: billions spent, lives lost, and no end in sight. With diplomacy dead and skirmishes ongoing, Iran isn’t backing down — instead, it’s escalating through proxies like the Houthis, who’ve rampaged across Saudi Arabia, sending oil prices soaring past $100 a barrel. As Washington stretches thin under the weight of this unwinnable war, experts warn: Iran may just keep fighting harder — and the world’s fuel bill keeps climbing.

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