Global Oil Prices Surge Past $105 Amid Middle East Conflict

New York, United States (HRNW) As the regional conflict enters its second month, global oil prices have surged past $105 per barrel, triggering fresh warnings from UN economic experts. On April 2, 2026, UN officials expressed deep concern over the continued disruption of the Strait of Hormuz, a vital artery for global energy and food supplies. The UN is currently coordinating with international maritime bodies to protect commercial shipping, as the economic ripple effects threaten to plunge millions more into food insecurity across the developing world.

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