Oil prices surged to their highest level in six months amid escalating tensions between the United States and Iran. Brent crude rose by 5 percent to reach $71.89 a barrel, marking a 20 percent increase since early January. The jump in prices followed warnings from Donald Trump about potential military action against Iran and a vow from Tehran to deliver a 'crushing response' to any attack. Shares in major energy companies also climbed as investors reacted to the possibility of disrupted oil supplies, particularly if conflict leads to the closure of the Strait of Hormuz, a vital route for global oil shipments. Analysts cautioned that further escalation could significantly impact oil production and global energy markets, potentially leading to higher prices for consumers.