Middle East conflict: Oil Prices Surge Amid War as Iran Hits Haifa, US Deploys B-1B Bombers

The ongoing Middle East conflict continues to intensify, triggering both military escalation and economic impact. Following fresh warnings by Donald Trump, global crude oil prices have surged by around 2%, crossing $111 per barrel, while US prices touched nearly $115. The spike reflects growing fears of prolonged instability in the region. On the battlefield, Iran launched multiple missile strikes on Haifa, causing heavy destruction to residential areas. Several buildings were damaged or collapsed, and rescue teams are searching for missing civilians, with at least three reported unaccounted for Meanwhile, Israel intensified airstrikes in Lebanon, targeting multiple cities. Reports suggest 15 fatalities and over 50 injuries, with apartment complexes among the targets. In a major military move, the United States has deployed B-1B Lancer bombers toward the Middle East from UK bases, signaling possible escalation. The conflict is rapidly expanding across multiple fronts with rising global consequences.

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