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Crude beyond $120: Oil prices touch four-year peak, here's what analysts are saying

Global oil prices surged to a four-year high amid escalating US-Iran tensions and fears of a Strait of Hormuz closure, impacting gasoline prices and broader economies. Analysts warn of a potential global recession due to supply disruptions, with shortages already affecting variou

First seen · 11:26 AM UTCMay 3, 2026

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The Times of India
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Crude beyond $120: Oil prices touch four-year peak, here's what analysts are sayingGlobal oil prices surged to a four-year high amid escalating US-Iran tensions and fears of a Strait of Hormuz closure, impacting gasoline prices and broader economies. Analysts warn of a potential global recession due to supply disruptions, with shortages already affecting variou
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